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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 2022 | The Khachapuri Index increased by 27.3%
05 December 2022

In November 2022, the average cost of cooking one standard portion of Imeretian Khachapuri continued its upward trend and reached 6.90 GEL. The latest average price is 4.9% higher month-on-month (compared to October 2022) and 27.3% higher year-on-year (compared to November 2021).
October 2022 | The Khachapuri Index increases by 28.6%
04 November 2022

In October 2022, the cost of cooking one standard Imeretian khachapuri increased both annually and monthly, ranging between 6.18 GEL (Batumi) and 7.49 GEL (Telavi), with an average cost of 6.57 GEL. The latest average price is 2.6% higher month-on-month (compared to September 2022) and 28.6% higher year-on-year (compared to October 2021).
September 2022 | The Khachapuri Index increases by 38%
10 October 2022

In September 2022, the Khachapuri Index continued its upward trend and reached 6.30 GEL. The figure is 5.6% higher month-on-month compared to August. Furthermore, Khachapuri Index increased by 38% year-on-year (compared to September 2021).
June 2022 | The khachapuri index increases by 28%
11 July 2022

The average cost of cooking one standard portion of Imeretian Khachapuri stood at 5.39 GEL in June 2022. This is 2.7% lower MoM (compared to May 2022) and 28.1% higher YoY (compared to June 2021).
May 2022 | The khachapuri index increases by 30%
10 June 2022

The average cost of cooking one standard portion of Imeretian Khachapuri stood at 5.54 GEL in May 2022. This is 5.4% lower month-on-month (compared to April 2022), and 30% higher year-on-year (compared to May 2021).
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