The average cost of cooking one standard portion of Imeretian Khachapuri increased to 3.66 GEL in November 2015. This is 1.4% higher m/m (compared to October 2015), and 9.6% higher y/y (compared to the same month of the previous year, November 2014). Given that it mostly consists of food prices that are subject to sharper seasonal fluctuations, the upward trend in Khachapuri Index is somewhat steeper than that of GeoStat’s official Consumer Price Index (CPI).

In the last two weeks of November, Retail FPI decreased by 0.3%. Prices increased in the fruit and vegetable category. Grape price increased by 47%, tomatoes by 17.3% and eggplant by 12%. Unlike other fruits, tangerines, which are late to arrive to the market, went down in price by more than 30%.

October Retail FPI was pretty stable showing a negligible 0.1% decrease in the 4th week of October compared to the middle of the month. (See the diagram with Retail FPI dynamics on the right).

October 16 is celebrated around the globe as World Food Day. On this day, volunteers from all countries step forward to inspire commitment towards ending hunger worldwide. In response to WFD’s official motto “when it comes to hunger, the only acceptable number in the world is zero”, researchers from ISET Policy Institute donated food items to Catharsis Georgia – a charitable organization that, among other services, feeds 310 elderly in need every day.

After quite a number of declines food prices started to increase in the beginning of October signaling the end of fresh fruits and vegetables’ season. Retail FPI for the 2nd week of October is 5% higher compared to the last week of September. Increase in prices is driven mostly by the increase in price of vegetables and fruits. Plum became 35.4% more expensive in October, eggplants’ price increased by 21.4% and apples gained in price 17%.