Iset khachapuri index
This presentation is the property of its rightful owner.
Sponsored Links
1 / 21

ISET Khachapuri Index PowerPoint PPT Presentation


  • 74 Views
  • Uploaded on
  • Presentation posted in: General

ISET Khachapuri Index. Inspiration. Aim - design a way of tracking inflation using the simplest and the most robust consumer basket that would appeal to everybody. Inspiration. “Big Mac Index” of The Economist.

Download Presentation

ISET Khachapuri Index

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Iset khachapuri index

ISET Khachapuri Index


Inspiration

Inspiration

  • Aim - design a way of tracking inflation using the simplest and the most robust consumer basket that would appeal to everybody.


Inspiration1

Inspiration

  • “Big Mac Index” of The Economist.

    • This particular index is used to measure the purchasing power parity between any two countries by comparing the price of a "standard" good – the Big Mac hamburger – that is identical across countries

  • Similar index – but to trace inflation and the cost of living


  • Why khachapuri

    Why Khachapuri?

    • “The most common meal in Georgia?”- Khachapuri

    • The pride of local cuisine

    • Produced and consumed by practically every family regardless of its ethnicity


    Khachapuri index usage

    Khachapuri Index usage

    • Analytical purposes:

      • Cost of living across space and time

      • Changes in the terms of trade

      • Impact of global commodity prices

      • Seasonal fluctuations in demand

      • Seasonal fluctuations in agricultural supply

      • Market structure


    Kh index basket

    Kh-Index “Basket”

    Cheese

    Yeast

    Price of Energy (gas, electricity)

    • Cons

      • exclusion of other important consumer goods

    • Pros

      • Simplicity

      • Transparency

    Butter

    Eggs

    Flour

    Milk


    Kh index methodology

    Kh-Index Methodology

    • First Tbilisi Survey - August 2008

      • Three major open markets in Tbilisi (so called “Bazari”)

    • May 2011 - survey expanded:

      • Kutaisi

      • Batumi

      • Telavi

    Kutaisi

    Gori

    Batumi

    Telavi

    Tbilisi


    Index compilation method

    Index compilation method

    • Interview 5 sellers of every item in the Khachapuri basket

    • Calculate the average cost of cooking one portion of Khachapuri in different cities

    • Calculate the minimum and maximum prices of one Khachapuri portion


    Index calculation techniques

    Index Calculation Techniques

    • Calculate following indices for each city and the country as a whole:

      • Khachapuri Index (Kh-Index)

      • Frugal Housewife Khachapuri Index

      • Monthly Kh-Index inflation

      • Annual Kh-Index inflation


    Explanatory power kh index vs cpi

    Explanatory PowerKh-Index vs. CPI


    Explanatory power kh index vs food cpi

    Explanatory Power Kh-Index vs. Food CPI


    Frugal housewife kh index

    Frugal Housewife Kh-Index


    Kh index comparing cost of living

    Kh-Index comparing cost of living


    Khachapuri and the economist pancake index

    Khachapuri and The Economist Pancake Index


    Kh index in the financial http www financial ge pdf epaper pdf

    Kh-Index in The Financialhttp://www.financial.ge/pdf/ePaper.pdf

    • Since June 2011 - Kh-Index column in The Financial on a weekly basis

    • 63 column published

    • Two main sections in each:

      • Kh-Index analysis

      • “Economic lesson of the week”


    Economic lessons of the week

    Economic lessons of the week

    • Labor migration and remittances to Georgia

    • Farmer cooperation, the Nikozi experiment assessed


    Economic lessons of the week1

    Economic lessons of the week

    • No money, no venture, no gain in Georgia’s agriculture

    • Georgian driving manners and economic competitiveness


    Economic lessons of the week2

    Economic lessons of the week

    • IMF monetary policy prescriptions in action


    Economic lessons of the week3

    Economic lessons of the week

    • How rich Georgia really is?


    Economic lessons of the week4

    Economic lessons of the week

    • Are Georgian village communities able to organize themselves?

    • The Case Of Shrosha


    Thank you

    Thank you


  • Login