Indexes
April 11, 2016 Kh-Index | Khachapuri index is down 5% m/m as milk production picks up. Particularly in imereti
11
April
2016
Spring is already here. Seeing more sunshine and rains, Georgia’s western provinces are enjoying the sharpest seasonal increases in the supply of fresh milk and dairy products, such as Imeretian cheese. This cheese is the main (and most expensive) component of the Georgian khachapuri, driving the sharp seasonal fluctuations of the Khachapuri Index.
In March 2016, the national 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) but 6.9% higher year-on-year (compared to March 2015). The y/y increase in the Khachapuri Index is roughly in line with the official estimates of annual CPI inflation by GeoStat.
At 3.17 and 3.25 GEL per portion, respectively, Kutaisi and Batumi, are currently the cheapest markets for khachapuri ingredients. In just one month, both cities have seen very healthy declines in the price of cheese and the khachapuri basket (down 4.5% in Batumi, and 9.3% in Kutaisi), going from first to last in the Index.
At the opposite end of the country, in Kakheti, prices are adjusting more slowly given lower levels of precipitation, which affect the quality of pasture and milk production. Kakheti has seen a very modest decline in the Index (down by only 1.8%) on the back of slower growth in fresh milk supply and a surge in weekend tourism – quite common at this time of the year.
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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).
