In October 2023, the cost of preparing one standard Imeretian khachapuri increased monthly and reached 6.13 GEL. The latest average price is 4.2% higher month-on-month (compared to September 2023) and 6.8% lower year-on-year (compared to October 2022).

CCI is on the rise. Over the summer, the Consumer Confidence Index (CCI) oscillated around the new, higher level achieved in June. By September 2023, the CCI had increased by 1.8 index points, from -21.3 in August to -19.5 in September.

In September 2023, Georgian power plants generated 1,118 mln. kWh of electricity. This represents a 6% decrease in the total generation compared to the previous year (in September 2022, the total generation was 1,194 mln. kWh). The fall in generation on a yearly basis comes from a decrease of 7% in hydro and thermal power generation by 7% and 5%, respectively, while the generation of wind power plants increased by 10%.

For the fourth quarter of 2023, business confidence in Georgia increased (by 2.4 index points) and reached 18.1. The highest increase in business confidence is observed in the trade (+21.7) sector. The positive change in BCI for Q4 2023 was driven by improved past performance as well as more optimistic expectations.

Geostat has released its rapid estimate of real GDP growth for August 2023. The estimated growth stands at 5.8%, while the average real GDP growth for January- August 2023 reached 7%.