Bloomberg News

Georgian Inflation Will Slow Further, Statistics Chief Says

October 04, 2011

Oct. 4 (Bloomberg) -- Georgian inflation will continue to slow through the end of 2011 after easing for a fourth month in September, the head of the Statistics Office said.

Inflation will average 6 percent a year for several years, Zaza Chelidze said today in an interview in the capital, Tbilisi, citing projections by the central bank.

Consumer prices advanced 4.6 percent in September from a year earlier compared with 7.2 percent in August, the statistics office said yesterday. Prices rose 0.6 percent from the previous month.

--Editors: Andrew Langley, Paul Abelsky

To contact the reporter on this story: Helena Bedwell in Moscow at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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