Indexes

Home Indexes Khachapuri Index

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.

See More... Close

Filter By:

Date From

Date To

November 17, 2014 Kh-Index | Khachapuri index for foreign currency earners

17 November 2014

The average cost of cooking one standard Imeretian Khachapuri in October 2014 was 3.35 GEL, which is 0.1% lower both month-on-month (m/m, that is compared to the previous month) and year-on-year (y/y, that is compared to the same month of last year). Foreign currency earners have been affected differentially, depending on whether they are earning their income in USD or EUR.

November 03, 2014 Kh-Index | Khachapuri index takes a breather on the way up

03 November 2014

After consistent increases in two previous months, the average cost of cooking one standard Imeretian khachapuri stayed at 3.35 GEL in October 2014, unexpectedly bringing the Khachapuri Index to a halt. The Index dropped 0.1 % month-on-month (compared to September 2014) and year-on-year (compared to October 2013).

November 01, 2014 Kh-Index | Khachapuri index for foreign currency earners takes a big hit

01 November 2014

The average cost of cooking one standard Imeretian Khachapuri in November 2014 was 3.34 GEL, which is 0.2% lower month-on-month (m/m, that is compared to the previous month), and 2.4% lower year-on-year (y/y, that is compared to the same month of last year). However, Khachapuri became even cheaper for foreign currency earners because of a sudden GEL depreciation (m/m and y/y) relative to USD and EUR during the last two weeks of November.

October 27, 2014 Kh-Index | Larger and more expensive tbilisi market offers greater bargains

27 October 2014

The average cost of cooking one standard Imeretian khachapuri varied in September 2014 across Georgian cities from 3.01 GEL, the minimum observed in Telavi, to 3.55 GEL, the maximum observed in Tbilisi and Kutaisi. The average price was 3.35 GEL, which is 3.2% higher compared to the previous month (August 2014), and 13.7% higher compared to September of last year.

October 13, 2014 Kh-Index | Economic geography of cheese production: the case of telavi

13 October 2014

In September 2014, the cost of cooking one Imeretian khachapuri gained 3.2% relative to August, reaching 3.35 GEL. Importantly, Khachapuri Index added much more than 13.7% in annual terms, suggesting that Georgia is beginning to experience inflation, at least as far as food prices are concerned.

1 ... 34 35 36