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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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October 12, 2015 Kh-Index | Khachapuri index expanded to cover all georgian regions
12 October 2015

This week we use the Khachapuri Index to look at Georgia’s broader economic geography. We do so on the basis of price data for more than 100 products from each and every Georgian municipality, which were collected by the Georgian government with assistance from ISET and EU’s European Neighborhood Program for Agriculture and Rural Development (ENPARD).
October 05, 2015 Kh-Index | Khachapuri index temporarily declines in september after overshooting in august
05 October 2015

The cost of cooking one standard portion of khachapuri fell to 3.46 GEL in September 2015, thus departing from the seasonal upward sloping trend. Compared to the previous month (August 2015) the Index declined by 0.9%, however in yearly terms (compared to September 2014, the Index gained 3.2%.
September 21, 2015 Kh-Index | Foreign currency earners benefit from lari depreciation
21 September 2015

In August 2015, the average cost of cooking one standard Imeretian Khachapuri was 3.49 GEL, which is 11.4 % higher month-on-month (m/m, that is compared to the previous month), and 7% higher year-on-year (y/y, that is compared to the same month of last year).
September 14, 2015 Kh-Index | Khachapuri and consumer price indices show inflation picking up in august
14 September 2015

In August, the average cost of cooking one standard Imeretian khachapuri jumped to 3.49 GEL, which is 11.4% higher month-on-month (m/m, that is compared to July 2015), and 7% higher year-on-year (y/y, that is compared to August 2014).
September 07, 2015 Kh-Index | Seasonal trends and tourism push khachapuri index upward in august
07 September 2015

In August 2015, the average cost of cooking one standard Imeretian Khachapuri reached 3.49GEL, which is 11.4% higher month-on-month (compared to July 2015), and 7% higher year-on-year (compared to August 2014). Two factors combined in August to push the Khachapuri index upwards. On the one hand, the Index is up due to a seasonal decline in the supply of cheese – the main (and most expensive) khachapuri ingredient.
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