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October 2025 | Khachapuri Index upward trend continues
31 October 2025

In October 2025, the cost of preparing one standard Imeretian khachapuri reached 7.3 GEL, reflecting a 3.5% increase from September 2025 and a 10.3% rise compared to October 2024.

Creative destruction at work: productivity frontiers, innovation, and concentration across Georgian industries
31 October 2025

Innovation-driven growth has long been understood as a restless, uneven process. In the Schumpeterian tradition – captured formally by Aghion and Howitt’s model of creative destruction – economies progress when new, higher-quality technologies displace older ones, pushing the productivity frontier outward.

September 2025 | Khachapuri Index rises for the third consecutive month
30 September 2025

In September 2025, the average cost of preparing a standard portion of Imeretian khachapuri reached 7.05 GEL. Starting from July 2025, the Khachapuri Index followed an upward trend, with prices increasing by 12.3% in September compared to June 2025. This rise was primarily driven by a 16.1% increase in cheese prices over the same period.

August 2025 | Khachapuri Index upward trend continues
29 August 2025

In August 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.76 GEL, reflecting a 5.8% increase compared to July 2025. On an annual basis, the price rose by 9.8% compared to August 2024.

July 2025 | Seasonal surge in the Khachapuri Index begins
31 July 2025

In July 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.39 GEL, reflecting a 1.7% increase compared to June 2025. On an annual basis, the price rose by 10.4% compared to July 2024, pointing to strong upward pressure in food prices.

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