President of Georgian
Distributors Business Association (GDBA)
“The first wave of price increases was registered at the end of July – August mainly in small shops, which are more sensitive to changes in the exchange rate. The second wave is now beginning and concerns large chain supermarkets and hypermarkets. The process has already begun and prices will rise within a few days. prices will stop rising if the lari stands at the current mark. If the dollar exchange rate exceeds 3 lari, then the prices for goods keep growing and the new wave will hit the country in November, ”Iva Chkonia explains.