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In February 2023, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.94 GEL. This latest average price is 18.4% higher than in February 2022. While in month-to-month developments, the price of a khachapuri increased marginally by 0.1% compared to the previous month of January 2023.
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According to Geostat's report titled “Tendency of Economic Growth, Indicators of Monthly Economic Statistics”, the real GDP growth in the fourth quarter of 2022 is estimated to be 9.5%, which has contributed to an overall annual real GDP growth of 10.1% in 2022.
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In January 2023, the average cost of cooking one standard portion of Imeretian khachapuri increased annually – ranging between 6.88 GEL (Batumi) and 7.25 GEL (Telavi), with an average cost of 6.93 GEL. This latest average price is 19.7% higher than in January 2022.
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Geostat has published its rapid estimate of the real GDP growth for the fourth quarter of 2022, and its estimated growth stands at 9.5%, which is 2.5 percentage points below the ISET-PI’s most recent forecast.
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For the first quarter of 2023, business confidence in Georgia increased (by 8.4 index points) and reached 20.1. The highest business confidence is observed in the financial (35.6) sector.