30
March
2021
The Khachapuri Index kept declining in March 2021, with the average cost of cooking one standard Imeretian khachapuri reaching 4.61 GEL. This is 1.7% lower month-on-month (compared to February 2021), and 3.4% higher year-on-year (compared to March 2020).
28
February
2021
In February 2021, the average cost of cooking one standard portion of Imeretian khachapuri stood at 4.69 GEL. This is 3.1% lower MoM (compared to January 2021) and 7.8% higher YoY (in comparison to February of 2020). On a monthly basis, at this time of the year, a downward trend in the index is not unusual, and simply relates to the decreasing price of cheese (due to an increased seasonal supply of fresh milk).
29
January
2021
In January 2021, the average price of cooking one Imeretian khachapuri stood at 4.84 GEL. Compared to the previous month (December 2020) the Khachapuri Index lost 3.5%. In annual terms (compared to January 2020), however, the index added 12.6%. As shown in the chart, all khachapuri ingredients except eggs contributed to the yearly inflation of the Khachapuri Index. The price of only one ingredient – eggs – decreased by 1.9% compared to the previous year (January 2020).
28
December
2020
ISET Policy Institute likes to keep our tradition alive and cook up a New Year’s Supra Index for our readers every year. The Index shows the cost of a standard festive “supra” meal for a family of five or six people in each region of Georgia. Traditional dishes included in our calculations are: mtsvadi (grilled cubes of meat), satsivi (chicken in walnut sauce), khachapuri, trout, (pan-fried) chicken tabaka, salad Olivie, pkhali (chopped and minced vegetables with walnut), cucumber and tomato salad, and for dessert, fruit and gozinaki (caramelized walnuts fried in honey). The price of the New Year’s supra, of course, depends on the variety of dishes served for the feast.
16
December
2020
The real GDP growth rate amounted to -3.9% year-on-year for October 2020. Consequently, the estimated real GDP for the first ten months of 2020 was -5.1%. Recently, GeoStat released its preliminary estimate of real GDP growth for the first and second quarters of 2020. The Q1 and Q2 growth rates were revised downward to 2.2% (by 0.1 ppt) and -13.2% (by 0.9 ppt) respectively.
