Indexes
June 11, 2018 | Low prices transmitted from kutaisi
11
June
2018
The average cost of cooking one standard Imeretian Khachapuri in May 2018 stood at 3.17 GEL, which is 3.4% lower month-on-month (i.e. compared to April 2018). The Khachapuri Index is actually up by 1.1% year-on-year (compared to May 2017), suggesting a slight uptick in annual inflation. The supply of fresh milk is approaching its seasonal peak, and this peak might be earlier than usual this year because of the early spring.
The price of khachapuri has been declining in a continuous manner since January 2018. The cheapest city remains Kutaisi, with an average of 2.90 GEL for one standard Imeretian khachapuri. However, as we predicted in our previous publication, the price decrease in Kutaisi has been transmitted to other cities in Georgia. The largest monthly decrease was observed in Tbilisi, where the Index declined by 7.6% compared to last month. In Telavi, the index went down by 1.4%, and in Batumi, by 3.8%, compared to April 2018.
We assume that prices will go down even further, taking into account an expected increase in fresh milk supply. Furthermore, Lent started on June 5th. Presumably, this will push the Khachapuri Index even further down, as the demand for cheese and other milk products is lower during the Lent period.
Recent Publications
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November 2024 | Khachapuri Index increased by 2%
28
November
2024
In November 2024, the average cost of preparing a standard portion of Imeretian Khachapuri increased to 6.77 GEL, marking a 2% rise from October 2024 and a 4.8% increase compared to November 2023. This seasonal rise in the Khachapuri Index is primarily driven by higher milk and dairy product prices, resulting from a seasonal decline in fresh milk availability and increased reliance on imported milk powder.
October 2024 | Khachapuri Index upward trend continues
30
October
2024
In October 2024, the cost of preparing one standard Imeretian khachapuri reached 6.62 GEL, reflecting a 2% increase from September 2024 and an 8% rise compared to October 2023.
September 2024 | Seasonal surge in the Khachapuri Index begins
30
September
2024
In September 2024, the average price for preparing a standard portion of Imeretian khachapuri reached 6.48 GEL. During August and September 2024, the Khachapuri Index showed an upward trend, with prices increasing by 13% in September compared to July 2024.
July 2024 | Khachapuri Index dropped by 2.9%
28
July
2024
In July 2024, the average cost of cooking one standard portion of Imeretian khachapuri was 5.78 GEL, reflecting a 2.9% decrease compared to June 2024. On an annual basis, the price remained nearly unchanged, with a slight decline of 0.04% compared to July 2023.
June 2024 | Khachapuri Index increased by 2.9%
28
June
2024
In June 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6 GEL. After three months of a declining trend, the index increased by 2.9% compared to May 2024. On an annual basis, the average price is 6.8% higher than in June 2023.
