July 1, 2019 | Summertime vibes
01 July 2019

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 to YoY Khachapuri Index deflation. The prices of other ingredients also went down: butter (-0.8%), milk (-0.7%), flour (-0.6%), and eggs (-0.3%). The monthly (negative) change to the Index also follows the traditional seasonal trend for fresh milk production, which gradually starts to decline in February and March and continues throughout the summer months.

Moreover, because of the country’s reliance on imported products and ingredients, such as milk powder, the massive devaluation of the Georgian lari over the last month may also affect the price of milk, cheese, and other imported khachapuri ingredients.