|The experts of International Monetary Fund are on an official visit in the National Statistics Office of Georgia from April 25 till May 4. The main goal of this mission is introducing a new indicator in price statistics – Residential Property Price Index – RPPI and expanding already existing Producer Price Index, with regard to services.
RPPI is a significant indicator for macroeconomic and financial stability. It will be mainly used by the National Bank of Georgia, private developers and also by the National Accounts statistics within Geostat. Within the framework of this visit, by the cooperation of IMF experts and staff of Geostat,
the plan for implementing the new index has been set and the recommendations for improving the existing indices have been developed.