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February 2023 | The Khachapuri Index increases by 18.4%
06 March 2023

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.

February 2023 | Inflation in Georgia subsides as global oil and food prices decline, but internal price pressures, driven by migration, remain
28 February 2023

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.

January 2023 | The Khachapuri Index increases by 19.7%
06 February 2023

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.

January 2023 | We may never see a year like this again: Georgia’s annual growth for 2022 surpasses 10%, amidst regional and global crisis
30 January 2023

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.

Quarter 3 2022 | Macro Review: A perfect storm of global challenges in 2022 tests the resilience of the Georgian economy
26 December 2022

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.

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