Indexes
October 02, 2017 Kh-Index | No cheap khachapuri around
02
October
2017
The average cost of cooking one standard Imeretian khachapuri reached 3.45GEL in August 2017. The price jumped up by 3.9% month-on-month (compared to July 2017), and by 9.2% year-on-year (compared to August 2016).
The Khachapuri Index increased in all large cities in Georgia compared to the prior year. The highest yearly increase of 12.8% was observed in Batumi, where the price stood at 3.60 GEL, followed by Telavi (3.52 GEL) where the annual increase was 11.6%, and Kutaisi (3.41 GEL) with an increase of 6.5%. The capital of Georgia happened to be the cheapest place to buy khachapuri (3.25 GEL), although the Tbilisi price of khachapuri increased as well (by 5.9%). The price difference between the most expensive city (Batumi) and the cheapest one (Tbilisi) was 0.35 GEL.
As was mentioned in the previous publication, this price increase might be related to the increased number of tourists coming to Georgia. Another factor affecting the Khachapuri Index is an increase in transportation costs, due to higher prices for fuel, largely because of an excise tax introduced by the government. According to Geostat figures, in August, prices in the transport commodity group increased by 11.6% compared to the previous year (August 2016). Since increased transportation costs translate into increased cheese prices, it is not surprising that khachapuri became more expensive in all of Georgia’s big cities.
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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.
