The Georgian Distributors Business Association Food reported that prices in Georgia are unlikely to rise further in the near term. Chairman Lasha Rizhamadze said the recent wave of increases, driven by global market movements and revised supply contracts within large retail chains, has already been absorbed into current inflation figures.
Rizhamadze noted that most of the inflationary pressure on food has played out in previous months, and unless international conditions shift sharply again, distributors do not expect another surge. He mentioned two stabilising factors: a relatively steady lari exchange rate and consistent cooperation between suppliers and major retailers. Both, he said, help prevent abrupt changes in the consumer basket.
The association’s assessment comes as Georgia’s overall inflation stood at 4.8% in November, a slight decline from October but still above the National Bank’s 3% target. While headline inflation remains elevated, distributors suggest that food-specific pricing should hold steady if current external and market conditions persist.
