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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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October 16, 2017 Kh-Index | Those who seek always find!
16 October 2017

In September 2017, the average cost of cooking one standard Imeretian khachapuri varied across Georgian cities, from 3.33 GEL (the minimum observed in Tbilisi), to 3.85 GEL (the maximum observed in Telavi). The average price was 3.63 GEL, which is 5.5% higher compared to the previous month (August 2017), and 6% higher compared to September of last year.

October 02, 2017 Kh-Index | No cheap khachapuri around
02 October 2017

The average cost of cooking one standard Imeretian khachapuri reached 3.45GEL in August 2017. The price jumped up by 3.9% month-on-month (compared to July 2017), and by 9.2% year-on-year (compared to August 2016).

September 18, 2017 Kh-Index | Tourists love khachapuri!
18 September 2017

The average cost of cooking one standard Imeretian khachapuri in August 2017 was 3.08 GEL, 3.9% higher in a month-on-month comparison (m/m, that is, compared to the previous month) and 9.2% in a year-on-year comparison (y/y, that is, compared to the same month of last year).

July 17, 2017 Kh-Index | Low harvest – high prices?
17 July 2017

The cost of cooking one standard Imeretian khachapuri in June 2017 averaged 3.34 Gel, which is about 1.5% higher compared to June 2016 (year-on-year), and 1.5% lower compared to the previous month (May 2017).

July 3, 2017 Kh-Index | New regulation on the cheese market
03 July 2017

The cost of cooking one standard Imeretian khachapuri in June 2017 ranged between 2.64 GEL and 3.52 GEL, with the average price being 3.08. The average price in June 2017 is 1.8% lower compared to the previous month (May 2016), and 1.5% higher year-on-year (compared to June 2016).

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