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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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March 2025 | Beginning of seasonal drop in Khachapuri Index
28 March 2025

In March 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.93 GEL, marking an 8.3% increase compared to March 2024. However, on a month-to-month basis, the price declined by 1.6% compared to February 2025.
February 2025 | The Khachapuri Index increases by 0.3%
28 February 2025

In February 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 7.04 GEL, marking a 0.3% increase compared to the previous month. However, on a year-on-year basis, the price of khachapuri rose by 3% compared to February 2024.
January 2025 | Khachapuri Index drops by 0.2%
30 January 2025

In January 2025, the average monthly cost of preparing one standard portion of Imeretian khachapuri ranged from 6.71 GEL in Batumi to 7.94 GEL in Telavi, with an overall average of 7.02 GEL. This reflects a slight 0.2% decrease compared to December 2024. However, on a year-over-year basis, the current price is 6.1% higher than in January 2024.
December 2024 | The Khachapuri Index over the decade
30 December 2024

In December 2024, the average cost of preparing one standard Imeretian khachapuri rose to 7.03 GEL, marking a 3.8% increase compared to November 2024 and a notable 8.4% rise compared to December 2023.
November 2024 | Khachapuri Index increased by 2%
28 November 2024

In November 2024, the average cost of preparing a standard portion of Imeretian Khachapuri increased to 6.77 GEL, marking a 2% rise from October 2024 and a 4.8% increase compared to November 2023. This seasonal rise in the Khachapuri Index is primarily driven by higher milk and dairy product prices, resulting from a seasonal decline in fresh milk availability and increased reliance on imported milk powder.
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