ISET

The average cost of cooking one standard Imeretian khachapuri in the second month of 2018 dropped to 3.67 GEL, which is 1.2% lower month-on-month (compared to January 2018), and only 0.3% higher year-on-year (compared to February 2017).

As we suspected would happen in the previous publication, Khachapuri Index continued declining in monthly terms in all Georgian cities. The highest monthly drop was observed in Kutaisi (-2.9% compared to January 2018).

Markets in all cities offered great bargains for those frugal people among us who care to look for the least expensive ingredients. Kutaisi offers the best saving potential for frugal consumers, who would pay only 3.10 GEL for one portion of khachapuri, saving nearly a solid 17% of the local average price.

In January 2018, the average price of cooking one Imeretian khachapuri stood at 3.71 GEL. Compared to the previous year (January 2017), the Khachapuri Index gained 1.3 %. While going up in yearly terms, the Index actually dropped 2.9% compared to the previous month (December 2017).

As shown in the chart, all khachapuri ingredients except butter contributed to the Khachapuri Index monthly deflation. The price of only one ingredient – butter - increased by 1.8% compared to previous month. All other khachapuri ingredients decreased in price: cheese (3.8%), flour (3.4%), egg (3.1%), yeast (1.2%) and milk (0.6%).

In January 2018, the average cost of cooking one standard Imeretian Khachapuri dropped to 3.71 GEL, which is 2.9% lower month-on-month (compared to December 2017), and 1.3% higher year-on-year (compared to January 2017).

In monthly terms, the Khachapuri Index is going down in all Georgian cities. Telavi is experiencing the biggest drop in the Index (of 6.5%), at 3.60 GEL, and appears to be the cheapest city. Tbilisi is (and has been for the past three months) the most expensive city in Georgia for khachapuri lovers. The price difference between the most expensive (Tbilisi) and the cheapest (Telavi) cities was 0.29 GEL.

ISET-PI likes to keep tradition and cook up a New Year’s Supra Index for our readers. The Index shows the cost of a standard festive supra meal for a family of five to six people in each region of Georgia. Traditional dishes included in our calculations are: mtsvadi, satsivi (chicken in walnut sauce), khachapuri, trout, tabaka (fried) chicken, olivie salad, pkhali, cucumber&tomato salad, and for desert, fruit and gozinaki (caramelized walnuts fried in honey).

The average cost of this New Year’s supra in Georgia is 161.60GEL in December 2017, which is 8.1% higher compared to same period last year (December 2016).

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