ISET

The Khachapuri Index is one of the most popular Indexes in Georgia. ISET uses the Khachapuri Index as a simple tool which tracks inflation. The creation of the Khachapuri Index was inspired by the Big Mac Index, made and used by the Economist. ISET’s Khachapuri index uses a basket for calculating inflation that includes only those ingredients that are needed to cook one Imeretian khachapuri - flour, cheese, yeast, milk, eggs, and butter.

International and domestic media outlets often mention the Khachapuri Index while speaking about one of Georgia’s most famous traditional dishes and about Georgia’s economy in general. In November 21, the BBC published an article about khachapuri, which read:

The Agricultural Policy Research Center (APRC) of the ISET Policy Institute has launched a new monthly analytical publication – the Agri Review. The goal of the publication is to summarize the major economic developments in the agricultural sector and provide a brief analysis of major economic indicators.

The publication presents the main economic figures of Georgia’s agricultural sector and consists of four sections:

1. Sector at a glance featuring production, employment and FDI in the agricultural sector;

2. Price highlights looking at domestic and international prices;

3. Trade highlights describing share of agricultural exports and imports in total exports and imports as well as export and import diversification indexes;

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