Indexes
February 27, 2017 Kh-Index | Kutaisi leading again
27
February
2017
The average cost of cooking one standard Imeretian khachapuri in February 2017 is 3.66 GEL, which is 0.2% lower month-on-month (compared to the previous month), and 6.2% higher year-on-year (that is, compared to the same month of last year). The highest price for khachapuri is found in Kutaisi, where the price stands at 3.95 GEL. Telavi took second place with 3.59 GEL. Batumi and Tbilisi followed closely with 3.55 GEL and 3.53, respectively. The price variation between the most expensive city (Kutaisi) and the cheapest one (Tbilisi) reached 0.42 GEL - a big difference. According to the Kh-index data, Kutaisi continues as the leader in terms of higher prices for the last three months.
The main contributor to the Kh-Index y/y increase was the price of cheese, which has gone up by 12.1%. Cheese prices were highest in Kutaisi (9.6 GEL), which is 1.1% higher compared to January 2016, and 30% higher compared to last year’s level.
This large shift in cheese prices in Kutaisi can be associated with increasing demand for dairy products and khachapuri. According to the Georgian National Tourism Administration, the number of tourists visiting the country went up by 19.8% in January 2017, as compared to last year (January 2016). Also, the number of flights at Kutaisi International Airport increased by 121% in January 2017, compared to the previous year (January 2016).
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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).
