The Khachapuri Index kept declining in April, 2018, very much in line with the seasonal trend we observe every year. The average cost of cooking one standard Imeretian khachapuri currently stands at 3.28 GEL, which is 7.4% lower month-on-month (that is, compared to March 2018), and 1% lower year-on-year (that is, compared to April 2017).

In April 2018, the average cost of cooking one standard Imeretian khachapuri declined to 3.29 GEL, which is 7.4% lower month-on-month (that is, compared to March 2018), and 1.0% lower year-on-year (compared to April 2017).

The unique cross-country study compares interest rates for a set of retail credit products in Georgia and select transition economies. The results suggest that the cost of credit in Georgia is lower than in the CIS countries which have been covered by the survey (namely, Kazakhstan, Russia, Ukraine and in many cases Armenia) while it’s somewhat higher compared to a cohort of Central and Eastern European Countries (CEE) - this is true especially for local currency loans.

In March 2018, the average cost of cooking one standard Imeretian khachapuri declined to 3.55 GEL, which is 3.2% lower month-on-month (that is, compared to February 2018), and 4.2% higher year-on-year (compared to March 2017).

In March 2018, the average cost of cooking one standard Imeretian khachapuri declined to 3.55 GEL, which is 3.2% lower month-on-month (that is compared to February 2018), and 4.2% higher year-on-year (compared to March 2017).