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.
Recent Publications
View All
April 2025 | Khachapuri Index marks its second consecutive monthly decline
29
April
2025
In April 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.62 GEL, marking a 6.1% increase compared to April 2024. However, on a monthly basis, the price fell by 4.4% compared to March 2025.
March 2025 | Beginning of seasonal drop in Khachapuri Index
28
March
2025
In March 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.93 GEL, marking an 8.3% increase compared to March 2024. However, on a month-to-month basis, the price declined by 1.6% compared to February 2025.
February 2025 | The Khachapuri Index increases by 0.3%
28
February
2025
In February 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 7.04 GEL, marking a 0.3% increase compared to the previous month. However, on a year-on-year basis, the price of khachapuri rose by 3% compared to February 2024.
January 2025 | Khachapuri Index drops by 0.2%
30
January
2025
In January 2025, the average monthly cost of preparing one standard portion of Imeretian khachapuri ranged from 6.71 GEL in Batumi to 7.94 GEL in Telavi, with an overall average of 7.02 GEL. This reflects a slight 0.2% decrease compared to December 2024. However, on a year-over-year basis, the current price is 6.1% higher than in January 2024.
December 2024 | The Khachapuri Index over the decade
30
December
2024
In December 2024, the average cost of preparing one standard Imeretian khachapuri rose to 7.03 GEL, marking a 3.8% increase compared to November 2024 and a notable 8.4% rise compared to December 2023.
