Indexes
April 25, 2016 Kh-Index | Khachapuri index is down m/m as milk supply peaks and lent reduces demand
25
April
2016
In March 2016, the average cost of cooking one standard Imeretian khachapuri declined to 3.27 GEL, which is 5% lower month-on-month (that is compared to February 2016), and 6.9% higher year-on-year (compared to March 2015).
The negative monthly change in Kh-Index follows the traditional seasonal trend in fresh milk production in combination with a temporary slump in demand due to the Great Fast of Lent, which started on March 14.
The annual increase in Kh-Index, however, reflects an uptick in annual price inflation. Practically all khachapuri ingredients (with the exception of flour, which dropped 5.1% y/y) went up in price compared to last year: cheese added 12.5%, eggs - 1.6%, milk - 4.3%, butter - 9%, and yeast - 8.6%. These increases are very much in line with the official estimate of annual inflation by GeoStat, currently standing at 4.1%. Just like the Khachapuri Index, in monthly terms, CPI inflation is actually in the negative territory (March CPI is down by 0.3% m/m).
The leaders in the annual CPI inflation are products falling in the “alcoholic beverages and tobacco” category (up 14 %) due to an increase in excise taxes. Prices went up, although at a slower rate, in other categories as well: health expenditures are up by 10.2%; food and non-alcoholic beverages – by 2.3%. Prices remained roughly stable or slightly decreased in the clothing and footwear (down 0.8%) and transport (down 3.6%) categories.
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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.
