Inflation, debt refinancing and more

Currently, as I believe US actual inflation is around 5 to 8%, I think upper one is less than half of Georgian inflation.  In US CPI basket some assets represent highly illiquid or frozen assets and that misrepresents actual CPI.

Also, I want to mention that recent rally of GEL against USD probably reflects country risk reduction in terms of valuation of 10 years sovereign Eurobonds - which was the very good decision to refinance the old debt in spite of budget condition.