03
April
2017
By the end of March, food prices increased by 4.4% y/y (that is, compared to March 2016) and by 1.6% m/m (that is, compared to February 2017). On a biweekly basis, the biggest price increases happened for coriander (40.3%), cucumber (30.0%), and eggplant (14.9%). Carrots, onions, and tomatoes, on the contrary, became cheaper and cost 22.1%, 24.4%, and 15.0% less, respectively.
03
April
2017
In March 2017, the average cost of cooking one standard Imeretian khachapuri dropped to 3.41GEL, which is 6.9% lower month-on-month (compared to February 2017), and 4.1% higher year-on-year (compared to March 2016).
27
March
2017
In February 2017, the average cost of cooking one standard Imeretian khachapuri decreased to 3.66 GEL, which is 0.2% higher month-on-month (compared to January 2016), and 6.2% higher year-on-year (that is, compared to February 2016). The main contributors to the y/y Khachapuri Index inflation were cheese (12.1%) and milk (3.6%). The prices of the four other ingredients decreased: flour (2.6%), butter (0.4%), eggs (2.0%), and yeast (1.0%).
20
March
2017
We started forecasting the annual growth rate at the start of 2014 (see our January 2014 and February 2014 publications for a note on methodology). Based on January’s data, we expect annual growth in 2017 to be 4% in the worst-case or “no growth” scenario, and 5.1% in the best-case or “average long-term growth” scenario.
20
March
2017
This week we are offering a special edition of the Khachapuri Index. For this edition, we asked our relatives and friends who live abroad to tell us the price of khachapuri ingredients they are buying. Unfortunately, they cannot buy Imeretian cheese in their counties of residence, so they usually use mozzarella or feta cheese to make khachapuri. Of course, even mozzarella cheese brands and prices vary from country to country.
