{"id":1721,"date":"2006-06-12T16:44:52","date_gmt":"2006-06-12T12:44:52","guid":{"rendered":"http:\/\/geoeconomics.ge\/en\/?p=1721"},"modified":"2013-03-12T16:45:16","modified_gmt":"2013-03-12T12:45:16","slug":"in-may-2006-life-became-more-expensive-by-one-tenth-against-the-last-year","status":"publish","type":"post","link":"http:\/\/geoeconomics.ge\/en\/?p=1721","title":{"rendered":"In may 2006 life became more expensive by one tenth against the last year"},"content":{"rendered":"

FROM THE REDACTION <\/strong><\/p>\n

If we take a look at the corresponding periods of the previous years, it can be clearly seen that the general level of consumer prices in July 2006 was again determined by the seasonal factor.<\/p>\n

During the mentioned the prices of food products, according to their seasonal character, were market by sharp fluctuations, and in view of a big share of this category\u2019s products (7.7%), it practically determines the general level of the consumer price\u2019s index.
\n At the same time the trend of strengthening of GEL\u2019s exchange rate was clearly observed at the Inter-Bank Currency Exchange (in June 2006, in comparison with the last month\u2019s indicator, the exchange rate of GEL in relation to USD increased by 1.3%, while during the period of six months \u2013 by 0.2%). The mentioned process caused decreasing of prices of the consumer basket\u2019s products of durable use (i.e. of those ones, the prices of which are indicated in USD, while trade operations are carried out in GEL according to the corresponding exchange rate);
\n At the same time, it has had a positive effect on formation of the general price level and inflationary expectations. However, it should be said that a big part of the population receives incomes from the money sent by their relatives from abroad, transfers that are mainly made in USD. A big part of the population exchanges these sums for GEL in order to cover vitally important expenses. That is why here the population suffers double losses \u2013 on the one hand because of inflation, and on the other \u2013 because of the exchange rate of USD.
\n The prices of meat and meat products increased by 5.4% (including that of chicken \u2013 by 25.2%, chicken trotters \u2013 17.8% and beef \u2013 1.6%), fish products \u2013 11.5% (including fresh fish \u2013 by 18.1%, frozen fish \u2013 5.4%), fruit rose in price by 5.3%, cheese \u2013 by 7.4%, sugar \u2013 0.2%, etc. As it can be seen, increase of sugar prices reached its peak in May, and only a slight increase is observed in June.
\n In June 2006, in comparison with December 2006, the index of consumer prices made up 105.6%.
\n The 5.6% increase of the general level of consumer prices during the six months of 2006 was mainly stipulated by the increase of food products\u2019 consumer prices (8.8%). Including that of vegetables \u2013 by 23.4%, meat and meat products \u2013 17.8%, fruit \u2013 21.2%, sugar and other confectionery \u2013 17.0%.
\n In January-June 2006 decrease was observed in consumer prices of the product group including milk, cheese and eggs \u2013 by 11.9%, strong drinks and tobacco \u2013 by 8.6%.
\n As to the service part of the consumer basket, in June of the current year, in comparison with December 2005, in relation to rising of eclectic power and natural gas tariffs, consumer prices of housing, water, electric power, gas and other types of fuel rose by 20.4%, transport services \u2013 4.0%, healthcare \u2013 3.5%, while that of services in hotels, cafes and restaurants \u2013 by 3.6%. <\/p>\n","protected":false},"excerpt":{"rendered":"

FROM THE REDACTION If we take a look at the corresponding periods of the previous years, it can be clearly<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[],"yoast_head":"\nIn may 2006 life became more expensive by one tenth against the last year - Geoeconomics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/geoeconomics.ge\/en\/?p=1721\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"In may 2006 life became more expensive by one tenth against the last year - Geoeconomics\" \/>\n<meta name=\"twitter:description\" content=\"FROM THE REDACTION If we take a look at the corresponding periods of the previous years, it can be clearly\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/#website\",\"url\":\"http:\/\/geoeconomics.ge\/en\/\",\"name\":\"Geoeconomics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"http:\/\/geoeconomics.ge\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/?p=1721#webpage\",\"url\":\"http:\/\/geoeconomics.ge\/en\/?p=1721\",\"name\":\"In may 2006 life became more expensive by one tenth against the last year - Geoeconomics\",\"isPartOf\":{\"@id\":\"http:\/\/geoeconomics.ge\/en\/#website\"},\"datePublished\":\"2006-06-12T12:44:52+00:00\",\"dateModified\":\"2013-03-12T12:45:16+00:00\",\"author\":{\"@id\":\"http:\/\/geoeconomics.ge\/en\/#\/schema\/person\/c8498c0ae03a66c87b59761fbd19b04c\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/geoeconomics.ge\/en\/?p=1721\"]}]},{\"@type\":\"Person\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/#\/schema\/person\/c8498c0ae03a66c87b59761fbd19b04c\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/2.gravatar.com\/avatar\/bf2d8703d729f003d8905b57fcab5078?s=96&d=mm&r=g\",\"caption\":\"Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/1721"}],"collection":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1721"}],"version-history":[{"count":1,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/1721\/revisions"}],"predecessor-version":[{"id":1722,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/1721\/revisions\/1722"}],"wp:attachment":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1721"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}