Indexes
April 18, 2016 Kh-Index | Khachapuri becoming more affordable for foreign currency earners
18
April
2016
In March 2016, the average cost of cooking one standard Imeretian Khachapuri stood at 3.27GEL, which is 5% lower month-on-month (m/m, that is compared to the previous month), but 6.9% higher year-on-year (y/y, that is compared to the same month of last year).
For foreign currency earners, however, the Khachapuri Index dropped both m/m and y/y.
Even though last month we saw the Georgian lari slightly appreciating against both USD and EUR, this appreciation was more than compensated for by the seasonal decline in the price of cheese (the main khachapuri ingredient).
In yearly comparison, the khachapuri, like many other Georgian products, is cheaper when valued in foreign currency thanks to the large y/y depreciation of the lari.
When expressed in USD, the Khachapuri Index lost 1.3% in m/m and 1.9% in y/y. For those who receive their income in EUR, the price of a khachapuri decreased by 1.1% m/m and by 4.1% y/y.
Bon appétit!
Recent Publications
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April 2025 | Khachapuri Index marks its second consecutive monthly decline
29
April
2025
In April 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.62 GEL, marking a 6.1% increase compared to April 2024. However, on a monthly basis, the price fell by 4.4% compared to March 2025.
March 2025 | Beginning of seasonal drop in Khachapuri Index
28
March
2025
In March 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.93 GEL, marking an 8.3% increase compared to March 2024. However, on a month-to-month basis, the price declined by 1.6% compared to February 2025.
February 2025 | The Khachapuri Index increases by 0.3%
28
February
2025
In February 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 7.04 GEL, marking a 0.3% increase compared to the previous month. However, on a year-on-year basis, the price of khachapuri rose by 3% compared to February 2024.
January 2025 | Khachapuri Index drops by 0.2%
30
January
2025
In January 2025, the average monthly cost of preparing one standard portion of Imeretian khachapuri ranged from 6.71 GEL in Batumi to 7.94 GEL in Telavi, with an overall average of 7.02 GEL. This reflects a slight 0.2% decrease compared to December 2024. However, on a year-over-year basis, the current price is 6.1% higher than in January 2024.
December 2024 | The Khachapuri Index over the decade
30
December
2024
In December 2024, the average cost of preparing one standard Imeretian khachapuri rose to 7.03 GEL, marking a 3.8% increase compared to November 2024 and a notable 8.4% rise compared to December 2023.
