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Georgia to Reach Inflation Target This Year, Central Banker Says

Georgian inflation will reach the medium-term target of policy makers before the end of this year even as the economy faces an increased risk of external shocks, central bank Governor Giorgi Kadagidze said.

Price growth will accelerate to the monetary authority’s 5 percent goal “close to the end of the year,” Kadagidze, 34, said in an interview Thursday in the capital, Tbilisi. Consumer prices rose 1.3 percent in February from a year earlier.