ISET

The average price of cooking one Imeretian khachapuri currently stands at 3.43 GEL. Compared to the previous month (August 2016) the Khachapuri Index gained 8.6%, however in yearly terms (compared to September 2015), the Index dropped 0.8%.

With the milk supply dwindling for seasonal reasons, cheese prices are on the rise in all Georgian cities. Interestingly, however, the highest monthly increase (27.7%) in the price of Imeretian cheese was recorded in Telavi, the capital of the Georgia’s main wine producing region, Kakheti. Moreover, cheese prices in Telavi are up not only month-on-month, but also compared to last year’s September (by 4.9%). At 7.66 GEL per kg, Telavi is currently the most expensive place for Georgian cheese lovers, ahead of Kutaisi, Batumi and Tbilisi.

  Price of cheese m/m y/y
Tbilisi 7.28 19.40% -5.80%
Batumi 7.5 7.10% -11.80%
Kutaisi 7.6 20.60% 2.70%
Telavi 7.66 ↑ 27.70% ↑ 4.90%
Average 7.51 18.30% -2.90%

What can explain Telavi’s surge in the Khachapuri Index? September is a very special month for Georgia as it is a time of grape harvest (“Rtveli”) and of young wine (and cheese, and khachapuri!) festivals throughout the country’s agricultural regions.

In Kakheti, Rtveli celebrations start at the end of August and go on for several weeks, providing a boost for weekend and international tourism. With the Black Sea coastal areas losing in attractiveness at this time of the year, tourist flows shift from Batumi to Telavi, Tsinandali, Sighnaghi and other picturesque villages and small towns in the Alazani valley. The September boom in wine tourism is also helped by the sharp increase in international tourism (up 34% up, year-on-year).

Gaumarjos!

 

More Khachapuri Index Articles

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    In May 2017, the average cost of cooking one standard Imeretian khachapuri declined to 3.14 GEL – a 5.4% decrease month-on-month (compared to April 2017). In annual terms (compared to May 2016), however, the Index gained 8.5%. Deflation of the index was caused by the sharp seasonal decline in price of Imeretian cheese, which went down last month by 10.1%. The Khachapuri Index reached its lowest value (2.86 GEL) in Kutaisi. The magnitude of the Read More
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    ISET’s Khachapuri Index kept declining in April, which is in line with seasonal trends. The average cost of cooking one standard Imeretian khachapuri currently stands at 3.32 GEL, which is 2.5% lower month-on-month (compared to March 2017), and 4.9% above year-on-year (compared to April 2016). The current underdeveloped structure of Georgian dairy sector makes milk prices high and noncompetitive. According to FAO-EBRD data, the farm gate prices of milk differ between commercial farms and smallholders, Read More
  • Great Lent Pushed Prices Down

    In March 2017, the national average price of cooking Imeretian khachapuri declined to 3.41 GEL, which is 6.9% lower compared to the previous month (February 2017), and 4.1% above its value a year ago (March 2016). Such a noticeable monthly decline in the price of khachapuri is driven by the seasonal adjustment in the price of cheese, which stood at 7.31 GEL in March 2017, and is 12.2% below last month’s value (February 2017). As Read More
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