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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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November 21, 2016 Kh-Index | Increasing consumption of milk products
21 November 2016

According to the Khachapuri Index, year-on-year, we have observed a sharp increase (up by 9.1% compared to October 2015) in the price of butter. Typically, the price of butter should follow the price of milk, since the latter is the major ingredient of butter. Interestingly, however, the data collected for Khachapuri Index does not support this trend. Our data showed a 1.1% year-on-year decrease in the price of milk.
November 14, 2016 Kh-Index | Good news for consumers
14 November 2016

In October 2016, the average cost of cooking one standard portion of Imeretian Khachapuri was 3.39 GEL, which is 6.1% lower year-on-year (compared to the same month of the previous year, October 2015).
November 04, 2016 Kh-Index | The best time to eat imeretian khachapuri in kutaisi
04 November 2016

In October 2016, the average cost of cooking one standard portion of Imeretian Khachapuri was 3.39 GEL, which is 1% lower month-on-month (compared to September 2016), and 6.1% lower year-on-year (compared to the same month of the previous year, October 2015).
October 31, 2016 Kh-Index | The cows are back from mountainous regions
31 October 2016

In October 2016, the average cost of cooking one standard portion of Imeretian Khachapuri was 3.39 GEL, which is 1% lower month-on-month (compared to September 2016), and 6.1 % lower year-on-year (compared to October 2015).
October 24, 2016 Kh-Index | Khachapuri index follows global trends. Or not yet?
24 October 2016

In September 2016, the average price of cooking one Imeretian khachapuri stood at 3.43 GEL. Compared to the previous month (August 2016) the Khachapuri Index gained 8.6%. The upward trend in the Index at this time of the year is mostly related to the seasonal increase in the price of cheese (due to the dwindling supply of fresh milk).
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