30
December
2019
In November 2019, prices for food and non-alcoholic beverages, as measured by the Food Price Index (FPI), drastically increased by 13.4% compared to November 2018 and contributed 4.02 percentage points to the change in the total Consumer Price Index (CPI). In recent months, annual food inflation marked at its highest level since August 2011 (Figure 1).
27
December
2019
Just like every Georgian family, ISET Policy Institute is preparing for the New Year, and we keep to our traditions and have cooked up a New Year Supra Index for our readers. The Index shows the cost of a standard festive supra meal for a family of five to six people in every Georgian region. The traditional dishes included in our calculations are: mtsvadi, satsivi (chicken in walnut sauce), khachapuri, trout, tabaka (fried) chicken, olivie salad, pkhali, cucumber&tomato salad, and for the desert, fruit and gozinaki (caramelized walnuts fried in honey).
23
December
2019
The real GDP growth rate reached 5.7% y/y in October 2019. As a result, the estimated real GDP growth for the first ten months of 2019 was 5.1%. ISET-PI’s real GDP growth forecast for the fourth quarter of 2019 remains at 4.4%.
29
November
2019
The Khachapuri Index continued its upward trend in November 2019, with the average cost of cooking one standard Imeretian Khachapuri reaching 4.1 GEL. This is 6.1% higher month-on-month (compared to October 2019), and 12.6% higher year-on-year (compared to November 2018).
25
October
2019
The Khachapuri Index reached its historical maximum in October 2019. The Index continued its upward trend which started in May 2019 and took a big leap in October 2019. The average cost of cooking one standard Imeretian khachapuri reached 3.90 GEL, which is 6.6% higher month-on-month (compared to September 2019) and 8.6% higher year-on-year (compared to October 2018).
