Presentation of a New Statistical Product - Price Kaleidoscope

Date: 28 May 2019

The National Statistics Office of Georgia presented a new statistical product – Price Kaleidoscope. Executive Director of Geostat, Mr. Gogita Todradze, introduced the new product to the invited guests. According to the statement of the Geostat management, the product provides the opportunity for the visualization of comprehensive analysis of inflation rate.  It is possible to compare the price deference between goods and subgroups of services by using the price kaleidoscope as well as to determine the weight of goods and services in the formation of inflation rate in the Consumer Basket. 

Mr. Gogita Todradze, Executive Director of Geostat stated detail information about inflation calculation methodology to the invited guests. 

There are some Statistical offices of several counties implemented the price kaleidoscope in the world, including Germany, Hungary and New Zealand. Geostat's new product will be updated monthly and available on the Geostat web-page: 

http://kaleidoscope.geostat.ge/kaleidoscope/index.php?lang=en