The National Bank of Georgia has published the "Monthly Review". In the review, you will learn about the detailed analysis of the current situation and macroeconomic parameters in the banking and financial sectors of the country. The National Bank publishes information about this.

According to their own information, the purpose of the publication is to promptly provide the general public with a short-term (one-month) macroeconomic analysis of the country.

The analysis presented in the report is based on the latest information available at this stage.

In particular, according to the data of the National Bank, inflation remains below the target rate. In July, inflation amounted to 1.8%. Compared to June, prices decreased by 0.4%.

Base inflation, which excludes highly volatile food, energy carriers and cigarette prices from the consumer basket, amounted to 1.1%. Local inflation decreased to 1.9%.

As for the banking sector, in June, excluding the effect of the exchange rate, loans increased by 17.8% annually. Dollarization of deposits amounted to 49.1% in June. In June, the dollarization of the total credit portfolio decreased by 0.6 pp to 45.2%.

In the foreign sector, in the import part, the import of goods decreased by 9.6% annually in June. The decrease in the import of goods was mainly caused by the decrease in the import of consumer goods. Imports of intermediate goods decreased this time, while imports of investment goods increased moderately.

As for exports, registered exports of goods in June increased by 5.8% year-on-year. The increase in the export of goods was largely caused by the increase in the export of consumer goods, the export of intermediate goods also increased, although the export of investment goods decreased.

In June, compared to the previous month, official international reserves decreased by USD 19.0 million, and the total volume of reserves amounted to USD 4.6 billion.

The publication can be viewed on the official website of the National Bank in the "Publications" section.