Indexes
May 22, 2017 Kh-Index | Off-season in batumi and kutaisi?
22
May
2017
In April 2017, the average cost of cooking one standard Imeretian khachapuri decreased to 3.32 GEL, which is 2.5% lower month-on-month (m/m, that is, compared to March 2017), but 4.9% higher year-on-year (y/y, compared to April 2016).
The monthly decline in the price of khachapuri is driven by the seasonal adjustment in the price of milk and cheese. The price of cheese (6.93 GEL) has declined by -5.2% compared to the previous month (March). The prices of other khachapuri ingredients were more stable and changes were very small.
The price of khachapuri has dropped in all four cities. The biggest monthly decline (-4.9%) was observed in Batumi, followed by Telavi (-2.4%), and then Kutaisi (-2.1%). The smallest monthly decline in price was observed in Tbilisi (-0.8%).
Tbilisi appears to be the most expensive city in terms of khachapuri (3.45 GEL in April 2017). It is followed by Telavi, with a khachapuri price of 3.40 GEL. Prices in Batumi and Kutaisi are below the average; they stood at 3.28 GEL and 3.15 GEL, respectively.
It is no surprise that khachapuri prices are the cheapest in Kutaisi and Batumi at this time of year. A similar trend has been observed almost every year since the Khachapuri Index started. One explanation could be that in the off-season, tourists mostly visit Tbilisi and the Kakheti region, and this leads to higher prices there, while demand and prices are lower in Kutaisi and Batumi.
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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).
