Indexes
December 05, 2016 Kh-Index | Supermarkets’ khachapuri
05
December
2016
The average cost of cooking one standard Imeretian Khachapuri varied across Georgian cities in November 2016, from 3.34 GEL, the minimum, observed in Batumi, to 3.55 GEL, the maximum, observed in Telavi. The average price was 3.46 GEL, which is 1.9% higher month-on-month (compared to October 2016). The Khachapuri Index is down up by 5.6% year-on-year (compared to November 2015), suggesting annual deflation as measured by the index.
Based on ISET’s Retail Food Price Index data in November 2016, the average cooking cost of the standard portion of Imeretian Khachapuri stands at GEL 4.22, which is 16.2% lower month-on-month (compared to October 2016), and 10.7% lower year-on-year (compared to November 2015). The data is collected in several supermarkets in Tbilisi such as Carrefour, Spar, and Goodwill. If consumers buy Khachapuri ingredients in supermarkets, the cost of cooking Khachapuri with exactly the same recipe tends to be 22% more expensive compared to open bazaars. The premium for shopping in supermarkets is not low, however, consumers do have the opportunity to enjoy shopping in a more comfortable environment.
It’s important to note that the annual deflation demonstrated by Khachapuri ingredients has been observed both in open bazaars and supermarkets. The index is primarily driven by the price of Imeretian cheese, the most expansive Khachapuri ingredient.
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May 2024 | Khachapuri Index's downward trend continues
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May
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The average cost of cooking one standard portion of Imeretian khachapuri was 5.83 GEL in May 2024. Continuing the month-on-month downward trend, the price of khachapuri fell by 6.5% compared to April 2024.
April 2024 | Khachapuri Index marks its second consecutive monthly decline
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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
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April
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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.
