Davit Narimania, expert in economy said the processes in the current world market is a big challenge for Georgia.
"The catastrophic increase of prices for petrol, oil and gas invoked by the current processes at the world market. The price for the petrol reached 100 USD for barrel. As well prices for wheat, sugar, chocolate, coffee and other goods increased considerably. The processes at the world marked is a biggest challenge for us. For our country where even the food products are imported this is a severe blow, "- Narimani said to GHN.
"We remember the 2008 year inflation of 12%. Now we are at the same level. Unlike the last year when the inflation did not affected the ordinary population as the increase of prices touches petrol, and non commercial services, now everything is contrary - the main catalyst of inflation is in the area of daily goods. This is main difference with the inflation of 2008 , " - Narimania said. He believes that the solution is the strengthening of the monetary policy by the NBG and the fiscal policy of the Finance Ministry.
"We should decrease the governmental expense, to diminish the deficit in the budget and what is most important to make new program worked out that will promote the production of the food products at the regional level. This will reduce the sharpness of the inflation, "- expert in economy said.
For information, the prices in Georgia for food and petrol are increasing day to day.