Investor Presentaiton
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100
80
60
Jan-14
Apr-14
Jul-14
៖៖៖៖៖៖៖៖៖៖
INFLATION TARGETING SINCE 2009
Annual Inflation
Jan-14
Apr-14
Jul-14
Nov-14
Feb-15
Jun-15
Sep-15
Dec-15
120
― Energy
Nov-14
Feb-15
Jun-15
Sep-15
Dec-15
Apr-16
BANK OF GEORGIA
Jul-16
Nov-16
Apr-16
Jul-16
hike on tobacco and GEL depreciation
Inflation increased due to excise tax
―Headline inflation
-Core (non-food, non-energy, non-tobacco)
Nov-16
Feb-17
Jun-17
Sep-17
Dec-17
Apr-18
Jul-18
Nov-18
Feb-19
May-19
World commodity prices
Non-energy
Feb-17
Jun-17
Sep-17
Dec-17
Apr-18
Jul-18
Nov-18
Feb-19
May-19
Sep-19
Dec-19
Note: Jan2014=100
Source: World Bank
120
100
80
40
20
60
Jan-14
Sep-19
Dec-19
Apr-14
Aug-14
Nov-14
Mar-15
Jun-15
Oct-15
Jan-16
May-16
Aug-16
Dec-16
Source: Geostat
7.0%
8%
-2%
Jan-14
Apr-14
Monthly inflation
Source: Geostat
Jul-14
Nov-14
Feb-15
Jun-15
Sep-15
Dec-15
Apr-16
Jul-16
Nov-16
Feb-17
Jun-17
Sep-17
Dec-17
Apr-18
Jul-18
Nov-18
Feb-19
May-19
Sep-19
Dec-19
Average inflation
Source: Geostat
Apr-17
Jul-17
Nov-17
Feb-18
Jun-18
Sep-18
Jan-19
Apr-19
Aug-19
Dec-19
51
4.9% 5%
4%
3%
0.4% 0%View entire presentation