In Georgia, prices for seasonal vegetables and fruits increased by 25-44% over the year

Published 2024년 8월 5일

Tridge summary

Georgia has seen a significant increase in the price of seasonal fruits and vegetables, with an average rise of 25% to 44% compared to the previous year. Both imported and locally produced food items are affected. The National Statistics Office of Georgia has confirmed the price hike, with the most significant increases seen in beans, watermelon, apple, garlic, eggplant, beetroot, plum, cucumber, and peach. Experts attribute the price surge to factors such as subjective issues like retail chain collusion and objective factors like global inflation and domestic market costs. The situation is viewed as socially and economically negative, with potential repercussions on the country's tourism industry and competition of Georgian products in the market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Seasonal fruits and vegetables have increased in price in Georgia by an average of 25% to 44% over the year. Moreover, both imported and Georgian-made products have increased in price. This is clearly demonstrated by a comparative analysis of prices on the Georgian retail market in July 2024 with a similar price tag for July 2023, EastFruit reports. In the general data stream, the National Statistics Office of Georgia (NSS) provided information on ten food products whose prices have increased the most in the country over the past year. These include: beans, watermelon, apple, garlic, eggplant, beetroot, plum, cucumber and peach, Spress.ge reports. TOP-10 products that have increased in price the most over the past year — Green beans: annual price increase of 44.2%; — Watermelons: annual price increase of 39%; — Apples: annual price increase of 33.8%; — Garlic: annual price increase of 31.8%; — Eggplant: annual price increase of 30.5%; — Beetroot: annual price increase of 29.2%; — ...

Source: Eastfruit