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April 15, 2019 | Khachapuri index for foreign earners
15 April 2019

In March 2019, the national average cost of cooking one standard Imeretian khachapuri fell to 3.51 GEL, which is 0.8% lower month-over-month (since February 2019), however it is also 1.1% lower year-over-year (in comparison to March 2018). The main contributors to the MoM deflation within the Khachapuri Index were cheese down by 1.9%, milk by 0.8%, and butter by 1.3%.

October 22, 2018 | Khachapuri index in foreign currency
22 October 2018

The average cost of cooking one standard Imeretian khachapuri in September 2018 was 3.56 GEL, which was 3.7% higher month-on-month (m/m, as compared to the previous month), and 2.1% lower year-on-year (y/y, as compared to the same month last year). However, khachapuri became cheaper for those earning in foreign currency as a result of the y/y depreciation of the lari relative to both the USD and EUR in September 2018.

November 27 2017 Kh-Index | Khachapuri for foreign currency earners
27 November 2017

The average cost of cooking one standard Imeretian khachapuri in October 2017 was 3.64 GEL, which is 0.2% higher month-on-month (compared to the previous month), and 7.2% higher year-on-year (compared to the same month of the previous year).

February 13, 2017 Kh-Index | Khachapuri becomes cheaper for foreign currency earners
13 February 2017

In January, the cost of cooking one standard Imeretian khachapuri continued to increase, ranging from 3.56 GEL (Batumi and Tbilisi) to 3.92 GEL (Kutaisi), with the average cost being 3.67 GEL. The new average price is 1.9% higher than the price in January 2016. As for month-to-month development, the price of khachapuri is 1.3% higher compared to the previous month (December 2016).

How to De-Dollarize in a Smart Way: Lessons from the Georgian and Foreign Experiences
04 February 2017

Unofficial (partial) dollarization describes a situation when a foreign currency is used alongside the domestic currency for transactions purposes and as a store value. High partial dollarization is not good for a country, as it ties the hands of its Central Bank when it wants to use monetary policy. In a highly dollarized economy, national currency depreciation can even lead to financial instability.

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