ISET

The average cost of cooking one standard Imeretian Khachapuri in November 2016 stood at 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The upward trend in the Index at this time of the year is expected and largely related to the seasonal increase in the price of cheese. Reasons for this seasonal price swing can be summed up as follows: supply and demand. More specifically, though the demand for milk and cheese stays more or less same, the production tend to peak in the spring and remain low in winter.

The average cost of cooking one standard Imeretian Khachapuri in November 2016 stood at 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The Khachapuri Index is down by 5.6% year-on-year (compared to November 2015), suggesting annual deflation as measured by the index.

Khachapuri’s main ingredient is Imeretian cheese, and naturally, its price is the main driver of our Khachapuri Index. In November 2016, cheese was the main contributor of the year-on-year decrease in Khachapuri prices; cheese price dropped by 6.5% compared to the same month of the last year.

The average cost of cooking one standard Imeretian Khachapuri varied across Georgian cities in November 2016, from 3.34 GEL, the minimum, observed in Batumi, to 3.55 GEL, the maximum, observed in Telavi. The average price was 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The Khachapuri Index is down up by 5.6% year-on-year (compared to November 2015), suggesting annual deflation as measured by the index.

The average cost of cooking one standard Imeretian Khachapuri in November 2016 stood at 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The Khachapuri Index is down up by 5.6% year-on-year (compared to November 2015), suggesting annual deflation as measured by the index.

According to the Khachapuri Index data, the year-on-year price of eggs has declined by 12% (compared to November 2015). This could be explained by the upward trend in domestic egg production. Eggs represent one of the few sectors in Georgian agriculture where the self-sufficient ratio (expresses the magnitude of production in relation to domestic utilization) has been around 100% in the recent years.

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