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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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April 03, 2017 Kh-Index | Seasonal decline of khachapuri price
03 April 2017

In March 2017, the average cost of cooking one standard Imeretian khachapuri dropped to 3.41GEL, which is 6.9% lower month-on-month (compared to February 2017), and 4.1% higher year-on-year (compared to March 2016).

March 27, 2017 Kh-Index | Does “from the village” always mean healthy?
27 March 2017

In February 2017, the average cost of cooking one standard Imeretian khachapuri decreased to 3.66 GEL, which is 0.2% higher month-on-month (compared to January 2016), and 6.2% higher year-on-year (that is, compared to February 2016). The main contributors to the y/y Khachapuri Index inflation were cheese (12.1%) and milk (3.6%). The prices of the four other ingredients decreased: flour (2.6%), butter (0.4%), eggs (2.0%), and yeast (1.0%).

March 20, 2017 Kh-Index | Price of nostalgia for diaspora
20 March 2017

This week we are offering a special edition of the Khachapuri Index. For this edition, we asked our relatives and friends who live abroad to tell us the price of khachapuri ingredients they are buying. Unfortunately, they cannot buy Imeretian cheese in their counties of residence, so they usually use mozzarella or feta cheese to make khachapuri. Of course, even mozzarella cheese brands and prices vary from country to country.

March 13, 2017 Kh-Index | Why khachapuri prices converge in winter?
13 March 2017

In February 2017, the average cost of cooking one standard Imeretian khachapuri declined to 3.66 GEL, which is 0.2% lower month-on-month (that is, compared to January 2017) and 6.2% higher year-on-year (compared to February 2016).

March 06, 2017 Kh-Index | Will khachapuri become less cheesy?
06 March 2017

The Khachapuri Index has declined in February, with the average cost of cooking one standard Imeretian khachapuri reaching 3.66 GEL. This is 0.2% lower month-on-month (compared to January 2017), and 6.2% higher year-on-year (compared to February 2016).

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