Tracking Georgia's Economic Recovery

120 100 80 60 40 20 о %8 6% 4% 2% 0% -2% INFLATION TARGETING SINCE 2009 ANNUAL INFLATION Jan-14 Apr-14 Aug-14 Nov-14 Mar-15 Jun-15 Oct-15 Oct 15 Jan-16 May-16 Headline inflation Core (non-food, non-energy, non-tobacco) WORLD COMMODITY PRICES Energy Non-energy Jan-14 Apr-14 Aug-14 Dec-14 Mar-15 Jul-15 Nov-15 Feb-16 Jun-16 Oct-16 Jan-17 May-17 Sep-17 Dec-17 Apr-18 Aug-18 Nov-18 Aug-16 Dec-16 Apr-17 Jul-17 Nov-17 Feb-18 Jun-18 Sep-18 Jan-19 Apr-19 Aug-19 Dec-19 Mar-20 Jul-20 Mar-19 Jul-19 Oct-19 Feb-20 Jun-20 Sep-20 Note: Jan2014=100 Source: World Bank MONTHLY INFLATION Source: Geostat Source: Geostat 3% 3% 8% 5.0% 6% 2% 2% 0.8% 4% 1% 3.8% 2% 0% 0% WWW W 1% 0% -1% -1% -2% Oct-20 -2% -2% Jan-14 Apr-14 80 2006 20 8% 6% 4% 2% 0% -2% Jan-14 Apr-14 Aug-14 Dec-14 Mar-15 Jul-15 Nov-15 Mar-16 Jun-16 Oct-16 AVERAGE INFLATION Aug-14 Nov-14 Mar-15 Jun-15 Oct-15 Jan-16 May-16 Aug-16 Dec-16 Feb-17 Apr-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Feb-18 May-18 Jun-18 Aug-18 Sep-18 Dec-18 Jan-19 Jan-19 Apr-19 Apr-19 Jul-19 Aug-19 Nov-19 Dec-19 Mar-20 Jul-20 Oct-20 -2% Source: Geostat 8% 5.9% 6% 4% 2% 0% Mar-20 Jul-20 Oct-20 60

View entire presentation