Indexes
October 30 2017 Kh-Index | Khachapuri index on the rise
30
October
2017
The average cost of cooking one standard portion of Imeretian khachapuri increased up to 3.63 GEL in September 2017. This is 5.4% higher m/m (compared to August 2017), and 6% higher y/y (compared to September 2016).
According to official statistics, compared to the same month of the previous year the Consumer Price Index (annual inflation rate) increased by 6.2%, which is very close to our estimate in yearly terms, although monthly inflation (compared to August 2017) amounted to 0.7 %, which is lower than our estimate.
Khachapuri Index basket includes 6 ingredients needed to cook khachapuri (flour, cheese, egg, yeast, butter, and milk). In September, prices of all khachapuri ingredients, except egg, increased m/m. The highest increase was captured for cheese, whose price increased by 9.9%. Given that supply of milk decreases gradually as winter starts, one has to expect a further increase in cheese prices and khachapuri index respectively.
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October 2025 | Khachapuri Index upward trend continues
31
October
2025
In October 2025, the cost of preparing one standard Imeretian khachapuri reached 7.3 GEL, reflecting a 3.5% increase from September 2025 and a 10.3% rise compared to October 2024.
September 2025 | Khachapuri Index rises for the third consecutive month
30
September
2025
In September 2025, the average cost of preparing a standard portion of Imeretian khachapuri reached 7.05 GEL. Starting from July 2025, the Khachapuri Index followed an upward trend, with prices increasing by 12.3% in September compared to June 2025. This rise was primarily driven by a 16.1% increase in cheese prices over the same period.
August 2025 | Khachapuri Index upward trend continues
29
August
2025
In August 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.76 GEL, reflecting a 5.8% increase compared to July 2025. On an annual basis, the price rose by 9.8% compared to August 2024.
July 2025 | Seasonal surge in the Khachapuri Index begins
31
July
2025
In July 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.39 GEL, reflecting a 1.7% increase compared to June 2025. On an annual basis, the price rose by 10.4% compared to July 2024, pointing to strong upward pressure in food prices.
June 2025 | Khachapuri Index continues its seasonal decline
30
June
2025
In June 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.28 GEL. The Khachapuri Index continued its downward trend for the fourth consecutive month. However, on an annual basis, the average price was still 4.7% higher than in June 2024.
