Indexes
February 16, 2015 Kh-Index | Decline of fuel prices brings price of cheese down by 13.8%
16
February
2015
In January, the average cost of cooking one standard Imeretian Khachapuri dropped to 3.40 GEL, which is 7.4% lower month-on-month (m/m, that is compared to the previous month), and 5% lower year-on-year (y/y, that is compared to the same month of last year).
The only one contributor to y/y deflation was the main component of the Khachapuri recipe - cheese (-13.8%) (see graph), while the prices of other components showed have increased: flour (+16.6%), milk (+5.4%), yeast (+7.6%), butter (+11.3%), and eggs (+1.3%).
A possible explanation for the cheese price decline could be the fact that for the production of Khachapuri only one particular kind of cheese can be used, namely Imeruli. Imeruli cheese used for making Khachapuri is mainly prepared in the region of Imereti and then transported to Tbilisi and other regions of Georgia. So, there is quite some transportation involved in the production of Khachapuri. The low price of Imeruli cheese (compared to the previous year) can thus be attributed to a decrease in transportation costs.
Prices of fuel went down in Georgia throughout the last couple of months. GeoStat reports that in January prices for fuel and other lubricants had gone down by 3.7 % in m/m terms and by 5.9% in y/y terms.
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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.
