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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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February 2026 | Khachapuri Index increased by 14.3%
26 February 2026

In February 2026, the average cost of preparing a standard portion of Imeretian khachapuri increased to 8.05 GEL, marking a 1.6% rise compared to January 2025 and a 14.3% increase year-on-year.
January 2026 | Khachapuri Index increased by 12.9%
30 January 2026

In January 2026, the average cost of preparing a standard portion of Imeretian khachapuri increased to 7.92 GEL, marking a 0.8% rise compared to December 2025 and a 12.9% increase year-on-year. The seasonal rise in the Khachapuri Index was primarily driven by higher milk and dairy prices, reflecting a seasonal decline in fresh milk availability and increased reliance on imported milk powder.
December 2025 | The Khachapuri Index over the decade
30 December 2025

In December 2025, the average cost of preparing one standard Imeretian khachapuri increased to 7.86 GEL, marking a 5.2% rise compared to November 2025 and a notable 11.8% increase compared to December 2024.
November 2025 | Khachapuri Index increased by 2.3%
28 November 2025

In November 2025, the average cost of preparing a standard portion of Imeretian khachapuri increased to 7.47 GEL, marking a 2.3% rise compared to October 2025 and a 10.3% increase year-on-year. The seasonal rise in the Khachapuri Index was primarily driven by higher milk and dairy prices, reflecting a seasonal decline in fresh milk availability and increased reliance on imported milk powder.
October 2025 | Khachapuri Index upward trend continues
31 October 2025

In October 2025, the cost of preparing one standard Imeretian khachapuri reached 7.3 GEL, reflecting a 3.5% increase from September 2025 and a 10.3% rise compared to October 2024.
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