ISET

The average cost of cooking one standard Imeretian khachapuri in February 2017 is 3.66 GEL, which is 0.2% lower month-on-month (compared to the previous month), and 6.2% higher year-on-year (that is, compared to the same month of last year). The highest price for khachapuri is found in Kutaisi, where the price stands at 3.95 GEL. Telavi took second place with 3.59 GEL. Batumi and Tbilisi followed closely with 3.55 GEL and 3.53, respectively. The price variation between the most expensive city (Kutaisi) and the cheapest one (Tbilisi) reached 0.42 GEL - a big difference. According to the Kh-index data, Kutaisi continues as the leader in terms of higher prices for the last three months.

In January 2017, the Khachapuri Index continued its upward seasonal trend, and the new average price of cooking one standard Imeretian khachapuri reached 3.67 GEL. The average price is 1.9% higher than the price was in January 2016. As for month-to-month developments, the price of khachapuri is 1.3% higher compared to the previous month (December 2016). The cost of cooking khachapuri is different across Georgian cities and ranges from 3.56 GEL (Batumi and Tbilisi) to 3.92 GEL (Kutaisi).

The main contributors to year-over-year Khachapuri Index inflation were cheese (by 5.4%), butter (by 3%), and yeast (by 4.1%). Prices of other ingredients decreased: eggs (by 6%), flour (by 5.6%), and milk (by 0.1%).

In January, the cost of cooking one standard Imeretian khachapuri continued to increase, ranging from 3.56 GEL (Batumi and Tbilisi) to 3.92 GEL (Kutaisi), with the average cost being 3.67 GEL. The new average price is 1.9% higher than the price in January 2016. As for month-to-month development, the price of khachapuri is 1.3% higher compared to the previous month (December 2016).

In January, the cost of cooking one standard Imeretian khachapuri continued to increase, ranging between 3.56 GEL (Batumi and Tbilisi) and 3.92 GEL (Kutaisi), with the average cost being 3.67 GEL. The new average price is 1.9% higher than the price in January 2016. As for month-to-month development, the price of khachapuri is 1.3% higher compared to the previous month (December 2016).

Cheese is the main and most expensive component of Georgian khachapuri, driving the sharp seasonal fluctuations of the Khachapuri Index. The price of cheese shot up sharply in January 2017, after dropping (in annual comparison) from July 2016 (6 month). In previous publications, we discussed some possible reasons behind the cheese price decrease in yearly terms. One of those reasons is the increased amount of imported milk powder being utilized, which kept cheese prices below last year’s levels.

Our Partners