COVID-19 pandemic and food prices in Georgia: main trends and expectations

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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
Two years into COVID-19 Pandemic, international food prices have been on the rise reflecting disruptions in supply chains, increased import demand, and poor growing conditions in exporting countries. Georgia has not been isolated from the trend, and consumers have seen drastic food price inflation. This article discusses the main drivers of food prices increases in Georgia and discusses the key factors that will form expectations for the upcoming months. Furthermore, it provides the recommendations to ensure less disruptions in food supply chains and low volatility in food prices
Description
1. Deisadze, S., & Seturidze, E. (2021). Is There an End in Sight to Food Price Inflation? Investor.ge(2021October-November). Retrieved from http://www.investor.ge/2021/10/18/iset-pi-is-there-an-end-in-sight-to-food-price-inflation/ 2. Food and Agriculture Organization of the United Nations (FAO). (2022). Retrieved from FAO Food Price Index: https://www.fao.org/worldfoodsituation/foodpricesindex/en/ 3. Gelashvili, S., Katsia, I., & Deisadze, S. (2020). Food Security in Times of Pandemic in Georgia. Retrieved from https://freepolicybriefs.org/2020/11/16/food-security-covid-19/ 4. Katsia, I., & Mamardashvili, P. (2016). Price Transmission in Wheat Flour Market in Georgia. Retrieved from https://isetpi.ge/storage/media/other/2021-09-27/e0172b00-1f75-11ec-9473-d3bd547aec60.pdf 5. საქართველოს ეროვნული ბანკი. (2022). სტატისტიკური მონაცემები. Retrieved from https://nbg.gov.ge/ 6. საქსტატი. (2022). ეროვნული ანგარიშები. Retrieved from საქართველოს სტატისტიკის ეროვნული სამსახური: https://www.geostat.ge/ka/modules/categories/23/mtliani-shida-produkti-mshp 7. საქსტატი. (2022). ინფლაცია საქართველოში: 2022 წლის იანვარი. Retrieved from https://www.geostat.ge/ka/singlenews/2439/inflatsia-sakartveloshi-2022-tslis-ianvari 8. საქსტატი. (2022). ფასების სტატისტიკა. Retrieved from საქართველოს სტატისტიკის ეროვნული სამსახური: https://www.geostat.ge/ka/modules/categories/25/fasebis-statistika
Keywords
სურსათის ფასები, COVID-19, პანდემია, ინფლაცია, მოლოდინები
Citation
International Scientific Conference Dedicated to the Establishment of the University and the 100th Anniversary of the Faculty of Economics and Business “Covid 19 Pandemic and Economics”, Tbilisi, 2022, pp. 107-113
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