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Tatia Khidasheli
Salome Gelashvili

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Khachapuri Index
Inspired by the Big Mac Index of the Economist magazine, the ISET Khachapuri index tracks inflation by using the most popular Georgian food, the Khachapuri. As opposed to other inflation indices relying on a complex basket of consumer goods the ISET Khachapuri index uses a basket for calculating inf
lation that includes only those ingredients that are needed to cook one Imeretian khachapuri – flour, cheese, yeast, milk, eggs, and butter. It also includes energy costs – gas and electricity.
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April 30, 2018 | Early spring in kutaisi
30 April 2018

In April 2018, the average cost of cooking one standard Imeretian khachapuri declined to 3.29 GEL, which is 7.4% lower month-on-month (that is, compared to March 2018), and 1.0% lower year-on-year (compared to April 2017).
April 16, 2018 | CPI and khachapuri index slump in february-march 2018
16 April 2018

In March 2018, the average cost of cooking one standard Imeretian khachapuri declined to 3.55 GEL, which is 3.2% lower month-on-month (that is, compared to February 2018), and 4.2% higher year-on-year (compared to March 2017).
April 02, 2018 | Spring in action
02 April 2018

In March 2018, the average cost of cooking one standard Imeretian khachapuri declined to 3.55 GEL, which is 3.2% lower month-on-month (that is compared to February 2018), and 4.2% higher year-on-year (compared to March 2017).
March 19, 2018 | Are we running out of milk?
19 March 2018

In February 2018, the Khachapuri Index continued its downward trend and dropped to 3.67 GEL. This is 1.2% lower compared to the previous month (January 2018) and 0.3% higher compared to February 2017 (y/y). The main contributors to y/y Khachapuri Index inflation were butter (4.1%), milk (1.7%), and cheese (0.7%), while the price of eggs and wheat dropped (-3.3% and -2.5%, respectively).
March 05, 2018 | How much can you save?
05 March 2018

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).
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