Bloomberg News

Georgian November Inflation Slowest Since 2009, Gilauri Says

December 01, 2011

Dec. 1 (Bloomberg) -- Georgia’s inflation rate was the lowest since 2009 in November, said Prime Minister Nika Gilauri.

Consumer prices advanced 1.9 percent in November from the previous year, compared with 2.3 percent in October, Gilauri said at the government session in the capital Tbilisi today.

Foreign investment reached $256 million in the third quarter, he said.

Inflation, which peaked at 14.3 percent in May, will continue to slow this month, Zaza Chelidze, head of the Statistics Office, said this month.

--Editors: Alan Crosby, Andrew Langley

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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