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.

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.

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.

In December 2022, the average cost of cooking one standard Imeretian khachapuri continued its upward trend and reached 6.99 GEL. The latest average price is 0.6% higher month-on-month (compared to November 2022) and 21.7% higher year-on-year (compared to December 2021).

The third quarter of 2022 was marked by a “perfect storm” of global challenges. Due to the ongoing geopolitical, economic, and ecological turbulence, with inflation reaching its highest point in decades, the world economy remains volatile.