16
January
2017
Driven by the sharp seasonal increase in the price of Imeretian cheese, the average cost of cooking one standard Imeretian Khachapuri in December 2016 stood at 3.62 GEL. The Index reached its lowest value (3.51 GEL) in Batumi; the maximum was observed in Kutaisi and Tbilisi (3.75 GEL and 3.63 GEL, respectively). The average price of 3.62 GEL is 4.2% higher compared to the previous month (November 2016), and 4.0% lower compared to December of last year.
26
December
2016
ISET proudly presents its brand new Georgian Supra Index, 2016, cooked specially for the Khachapuri Index’s New Year edition. Served on the Georgian Supra Map (supra’s literal meaning is “tablecloth”), our Supra Index measures the cost (in GEL) of a standard supra feast for a family of 5-6 persons across Georgia’s regions.
19
December
2016
In the first two weeks of December, Georgian retail prices increased. ISET’s Retail Food Price index gained 1.2% m/m (compared to mid-November). Nonetheless, compared to December 2015, the holidays will cost less than n 2016, as we recorded a significant 13% decrease in food prices.
19
December
2016
The average cost of cooking one standard Imeretian Khachapuri in November 2016 stood at 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The upward trend in the Index at this time of the year is expected and largely related to the seasonal increase in the price of cheese. Reasons for this seasonal price swing can be summed up as follows: supply and demand.
14
December
2016
During the last 10 months (January-October, 2016) 605 new buildings with total area of 1 202 828 sq.m have been supplied to the real property market. This represents 53.6% and 74.2% growth, respectively, over the same period last year.
