Indexes
April 30, 2018 | Early spring in kutaisi
30
April
2018
In April 2018, the average cost of cooking one standard Imeretian khachapuri declined to 3.29 GEL, which is 7.4% lower month-on-month (that is, compared to March 2018), and 1.0% lower year-on-year (compared to April 2017).
The Khachapuri Index has dropped for all cities in Georgia in April 2018, compared to last month (March 2018). This decreasing trend of Index for all cities has been observed since January 2018. The price decline was greatest in Kutaisi. In April 2018, the average cost of cooking Khachapuri is 2.9 GEL in Kutaisi, which is 17.8% lower compared to March 2018. Moreover, the average Khachapuri Index for all cities is 14% higher than the Index for Kutaisi.
The negative monthly change in the Khachapuri Index follows the traditional seasonal trend in fresh milk production. Moreover, traditionally we observe that these seasonal fluctuations in the price of cheese are consistently sharper in Kutaisi than elsewhere in Georgia. For this city, the same pattern was observed in other years as well (the possible reasons are explained in a previous ISET publication). Because of early spring this year, the increased supply of fresh milk pushed down Kutaisi prices even earlier than last year (this April, Kutaisi experienced a much sharper price decrease than in April of the previous year). The price decreases in Kutaisi are expected to be transmitted to other cities in the coming months, as Imereti is the largest supplier of Imeretian cheese in the country.
Recent Publications
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March 2024 | Beginning of seasonal drop in Khachapuri Index
01
April
2024
In March 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.40GEL. This latest average price marks a -1.8% decrease compared to March 2023. Additionally, in month-to-month developments, the price of khachapuri decreased by -6.4% compared to the previous month (February 2024).
February 2024 | The Khachapuri Index increases by 3.3%
04
March
2024
In February 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.83 GEL, marking a 3.3% increase compared to the previous month. However, in a year-to-year comparison, the price of khachapuri decreased by 1.5% compared to February 2023.
January 2024 | Khachapuri Index continues its upward trend
29
January
2024
In January 2024, the average monthly cost of preparing one standard portion of Imeretian khachapuri increased, ranging between 6.40 GEL (Batumi) and 7.11 GEL (Tbilisi), with an overall average cost of 6.62 GEL. This recent average indicates a 2% increase compared to the preceding month of December 2023. While examining year-to-year trends, the current price of khachapuri is 4.6% lower than in January 2023.
December 2023 | The Khachapuri Index over the decade
28
December
2023
In December 2023, the average cost of preparing one standard Imeretian khachapuri experienced a slight increase, reaching 6.48 GEL. This signifies a 0.2% rise compared to November 2023 and a noteworthy -7.3% decrease compared to December 2022.
November 2023 | Khachapuri Index increased by 5.5%
27
November
2023
In November 2023, the average cost of preparing a standard portion of Imeretian Khachapuri continued its upward climb, reaching 6.47 GEL. This represents a 5.5% increase from the previous month (October 2023) and a 6.9% decrease compared to the same period last year (November 2022).
