Indexes
October 05, 2015 Kh-Index | Khachapuri index temporarily declines in september after overshooting in august
05
October
2015
The cost of cooking one standard portion of khachapuri fell to 3.46 GEL in September 2015, thus departing from the seasonal upward sloping trend. Compared to the previous month (August 2015) the Index declined by 0.9%, however in yearly terms (compared to September 2014, the Index gained 3.2%.
The main reason for the month-on-month decline in Khachapuri Index is very simple: it rose more than expected in August due to exceptionally strong tourism-related demand for Georgia’s traditional delicacies. As the number of tourists sharply declined in September, so did the Khachapuri Index.
The main driver of the seasonal fluctuations in the Khachapuri Index is Imeretian cheese. The price of this cheese variety (and fresh milk) goes up from June to January of every year and goes down from February till May. This year was no exception to this rule (see chart).
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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).
