The average cost of cooking one standard Imeretian Khachapuri in February 2015 was 3.29 GEL, which is 3.4% lower month-on-month (m/m, that is compared to the previous month), and 4.8% lower year-on-year (y/y, that is compared to the same month of last year).
In February, GEL continued to depreciate against USD (down 22 tetri m/m, and 41 tetri y/y). At 2.17GEL/USD, Georgian products have become quite a bit more competitive in the world markets (although not in the markets of our main trading partners, since the national currencies of all our neighbors: Russia, Ukraine, Turkey, Azerbaijan, and Armenia, have also lost in value against USD). As a result, while not (yet) traded in global markets, Georgian khachapuri has become much more affordable for anybody earning in foreign currency. For those earning in USD, khachapuri has become a real bargain: when expressed in USD, ISET's Khachapuri Index lost 13.4% relative to January (m/m), and 23.2% in annual terms (y/y).
Eat khachapuri today!