ბაზრის ყოველკვირეული მიმოხილვა
Inflation was 12.8% y/y and 1.3% m/m in October 2021
Annual CPI inflation came in at 12.8% in October 2021, after a 12.3% inflation in previous month, according to Geostat. Core inflation (non-food, non-energy) was 6.3% and core inflation excluding tobacco was also 6.2% in October. By categories, annual inflation was mainly driven by price changes in food and non-alcoholic beverages (+18.4% y/y, +5.73ppts), transport (+19.6% y/y, +2.40ppts), housing, water, electricity, gas and other fuels (+11.9% y/y, +1.75ppts), health (+8.4% y/y, +0.65ppts), restaurants and hotels (+11.2% y/y, +0.63ppts) and furnishings, household equipment and maintenance (+11.3% y/y, +0.59ppts) categories. On a monthly basis, there was a 1.3% inflation in October 2021, reflecting price increase in food and non-alcoholic beverages (+3.0% y/y, +0.96ppts) and clothing and footwear (+9.2% y/y, +0.29ppts) categories.
International reserves at US$ 4.0bn in October 2021
Gross international reserves increased by 4.8% y/y to US$ 4.0bn in October 2021 according to NBG. On a monthly basis, the reserves were down by 2.9% (-US$ 117.7mn). Changes in reserves were attributed to the government and banking sector FX operations, and/or asset revaluation.
