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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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September 2025 | Khachapuri Index rises for the third consecutive month
30 September 2025

In September 2025, the average cost of preparing a standard portion of Imeretian khachapuri reached 7.05 GEL. Starting from July 2025, the Khachapuri Index followed an upward trend, with prices increasing by 12.3% in September compared to June 2025. This rise was primarily driven by a 16.1% increase in cheese prices over the same period.
August 2025 | Khachapuri Index upward trend continues
29 August 2025

In August 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.76 GEL, reflecting a 5.8% increase compared to July 2025. On an annual basis, the price rose by 9.8% compared to August 2024.
July 2025 | Seasonal surge in the Khachapuri Index begins
31 July 2025

In July 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.39 GEL, reflecting a 1.7% increase compared to June 2025. On an annual basis, the price rose by 10.4% compared to July 2024, pointing to strong upward pressure in food prices.
June 2025 | Khachapuri Index continues its seasonal decline
30 June 2025

In June 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.28 GEL. The Khachapuri Index continued its downward trend for the fourth consecutive month. However, on an annual basis, the average price was still 4.7% higher than in June 2024.
May 2025 | Khachapuri Index's downward trend continues
30 May 2025

The average cost of cooking one standard portion of Imeretian khachapuri was 6.46 GEL in May 2025. Continuing its month-on-month downward trend, the price declined by 5.6% compared to April 2025. However, it remains 10.7% higher than in May 2024.
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