Inflation in Georgia goes up further in March - GeoStat

08:50, April 06, 2011      

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The annual inflation in the South Caucasus country of Georgia went further up in March to 13.9 percent, the country's statistical office GeoStat reported on Tuesday.

In February, the annual inflation was 13.7 percent, up against the 12.3-percent inflation in the previous month.

Georgia witnessed a five-year high of year-end annual inflation in December last year when it was 11.2 percent.

GeoStat attributed the increased inflation to price hikes on food and non-alcohol beverages in the month of March.

Prices went up year-on-year 65.5 percent on fruits, 41.1 percent on vegetables, 25 percent on wheat-containing products and 21.8 percent on meat.

Another contributing factor to the higher inflation in March was the price increases on fuels which increased by 24.8 percent, according to the Georgian statistical office.

Source: Xinhua
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