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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April 2024 | Khachapuri Index marks its second consecutive monthly decline
30
April
2024
In April 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.24 GEL, marking a 4.0% increase from April 2023. However, on a month-to-month basis, the price of a single khachapuri decreased by -2.4% compared to March 2024.
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.
