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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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December 25, 2017 Kh-Index | New year supra index – 2017 edition
25 December 2017

ISET-PI likes to keep tradition and cook up a New Year’s Supra Index for our readers. The Index shows the cost of a standard festive supra meal for a family of five to six people in each region of Georgia. Traditional dishes included in our calculations are: mtsvadi, satsivi (chicken in walnut sauce), khachapuri, trout, tabaka (fried) chicken, olivie salad, pkhali, cucumber&tomato salad, and for desert, fruit and gozinaki (caramelized walnuts fried in honey).

December 11, 2017 Kh-Index | Food prices rise at a slower pace
11 December 2017

The Khachapuri Index continued its upward trend in November 2017, with the average cost of cooking one standard Imeretian Khachapuri reaching 3.70 GEL. This is 1.8% higher month-on-month (compared to October 2017), and 7.1% higher year-on-year (compared to November 2016).

November 27 2017 Kh-Index | Khachapuri for foreign currency earners
27 November 2017

The average cost of cooking one standard Imeretian khachapuri in October 2017 was 3.64 GEL, which is 0.2% higher month-on-month (compared to the previous month), and 7.2% higher year-on-year (compared to the same month of the previous year).

November 13 2017 Kh-Index | Telavi in the spotlight
13 November 2017

The cost of cooking one standard Imeretian khachapuri in October 2017 varied from 3.04 GEL to 4.18 GEL. The average price was 3.64 GEL, which is just slightly (0.1 %) lower than the previous month (September 2017). In annual terms (compared to October 2016), the Khachapuri Index showed quite a significant increase of 7.2%.

October 30 2017 Kh-Index | Khachapuri index on the rise
30 October 2017

The average cost of cooking one standard portion of Imeretian khachapuri increased up to 3.63 GEL in September 2017. This is 5.4% higher m/m (compared to August 2017), and 6% higher y/y (compared to September 2016).

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