ISET

In March 2019, the average cost of cooking one standard Imeretian khachapuri declined slightly to 3.51 GEL, which is 0.8% lower MoM (compared to February 2019), and 1.1% lower YoY (compared to March 2018).

Generally, at this time of the year (beginning as early as February), we observe a seasonal reduction in the price of khachapuri, driven by the recurrent decline in the price of milk. According to the Khachapuri Index data, the price of milk and the amount of milk produced declined compared to last month. While the price of cheese, 7.70 GEL per kg in March 2019, is 1.9% less than in February. The price of milk and butter also declined compared to last month, by 0.8% and 1.3%, respectively.

We anticipate that in upcoming months, the price of milk will follow the common seasonal trend and continue to decline. The Easter effect, more specifically Great Lent (which began on 11 March), might have assisted the downward trend in price, as the demand for cheese and other milk products is lower during the period of Lent.

 

More Khachapuri Index Articles

  • September, 2019 | Rtveli Made Khachapuri Expensive

    In September 2019, the average cost of cooking one standard Imeretian khachapuri reached 3.64 GEL, which is 3.0% higher month-on-month (compared to August 2019), and 2.3% higher year-on-year (compared to September 2018). The price of khachapuri increased in all four major cities of Georgia: Tbilisi, Batumi, Kutaisi, and Telavi. Two factors together pushed the Khachapuri Index upwards in September. On the one hand, the Index is up due to a seasonal decline in the supply Read More
  • July 1, 2019 | Summertime Vibes

    The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.24 GEL in May 2019. This is 6.4% lower MoM (compared to April 2019), and 2.4% higher YoY (compared to May 2018). The prices of all khachapuri ingredients, except yeast, are down in monthly terms, compared to April 2019. If we take a more detailed look at the prices of the ingredients (see graph), cheese (-11.5%) was the main contributor in May Read More
  • June 17, 2019 | Increased Wheat Production, Worldwide

    The cost of cooking one standard Imeretian khachapuri in May 2019 averaged 3.24 GEL, which is approximately 2.4% higher compared to May 2018 (year-on-year), and 6.4% lower compared to the previous month (April 2019). The highest increase was observed in flour prices, which have gone up by 7.4% compared to their levels last year (May 2018). The Khachapuri Index data can moreover reveal an increasing trend in flour prices, starting from last year. According to Read More
  • June 3, 2019 | Kutaisi – the Cheapest Place to Buy Khachapuri?!

    The average cost of cooking one standard Imeretian khachapuri declined to 3.24GEL in May 2019. The price dropped by 6.4% month-on-month (compared to April 2019); however year-on-year prices have increased by 2.4% (compared to May 2018). The Khachapuri Index lost value in all large cities in Georgia compared to the prior month (April 2019). The highest month-on-month decrease of 16.6% was observed in Kutaisi, where the price stood at 2.68 GEL, followed by Telavi (3.30 Read More
  • May 20, 2019 | How Much Can You Save?

    The average cost of cooking one standard Imeretian khachapuri in April 2019 varied across Georgian cities, from 3.21 GEL (the price in Kutaisi) to 3.57 GEL (in Telavi). The overall average price was 3.47 GEL, which is 1.3% lower compared to the previous month (March 2019), and 5.5% higher compared to the same month of last year (April 2018). The change in yearly terms was driven by increases in three of the core ingredients: cheese Read More
  • 1
  • 2

Our Partners