Annual inflation eased to 5.5% in July from 5.8% in June, and it now sits below May's 5.7% as well.
Growth is on a different track. Real GDP grew 9.0% in the first quarter of 2026 on a provisional basis, after provisional readings of 6.7% in the fourth quarter of 2025 and 6.4% in the third. That is an acceleration of 2.3 percentage points on the previous quarter, and all three figures remain open to revision.
The lari was close to unchanged in the sessions from 8 August. The US dollar moved from 2.6210 to 2.6191 lari, while the euro went from 3.0212 to 3.0274 on 11 August and back to 3.0214 on 12 August. Neither move is large enough to change an import invoice or a remittance.
The monetary backdrop is unchanged over a longer horizon: the policy rate closed both 2024 and 2025 at 8.00%, 1.50 percentage points below the 9.50% recorded at the end of 2023.
Figures in this post
Every number below was checked against the source before publication.
CPI_YOY_MAnnual inflation National Statistics Office of Georgia (Geostat)FX_EUR_GELEuro to lari National Bank of GeorgiaFX_USD_GELUS dollar to lari National Bank of GeorgiaGDP_REAL_GROWTH_QReal GDP growth, quarterly National Statistics Office of Georgia (Geostat)POLICY_RATE_AMonetary policy rate, year-end National Bank of Georgia — downloaded files