Indexes
April 24, 2015 Kh-Index | Khachapuri index for foreign currency earners
24
April
2015
The average cost of cooking one standard Imeretian Khachapuri in March 2014 was 3.06 GEL, which is 7% lower month-on-month (m/m, that is compared to the previous month), and 3.1 year-on-year (y/y, that is compared to the same month of last year). For foreign currency earners, Khachapuri became even cheaper due to the depreciation of Georgian currency against USD and Euro.
GEL depreciated relative to the USD: the average GEL/USD exchange rate in March 2015 was 2.19, which is 0.10 points higher m/m and 0.35 points higher y/y. As a result, when expressed in USD, Khachapuri Index lost -11.4% m/m and -23% y/y.
GEL depreciated relative to EUR as well, with the average GEL/EUR exchange rate in March reaching 2.38 which is 0.01 points higher m/m. and 0.03 lower y/y. For those earning their income in EUR, Khachapuri price lost -7.2% compared to the previous month and -1.9% compared to the same month of last year.
Recent Publications
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October 2025 | Khachapuri Index upward trend continues
31
October
2025
In October 2025, the cost of preparing one standard Imeretian khachapuri reached 7.3 GEL, reflecting a 3.5% increase from September 2025 and a 10.3% rise compared to October 2024.
September 2025 | Khachapuri Index rises for the third consecutive month
30
September
2025
In September 2025, the average cost of preparing a standard portion of Imeretian khachapuri reached 7.05 GEL. Starting from July 2025, the Khachapuri Index followed an upward trend, with prices increasing by 12.3% in September compared to June 2025. This rise was primarily driven by a 16.1% increase in cheese prices over the same period.
August 2025 | Khachapuri Index upward trend continues
29
August
2025
In August 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.76 GEL, reflecting a 5.8% increase compared to July 2025. On an annual basis, the price rose by 9.8% compared to August 2024.
July 2025 | Seasonal surge in the Khachapuri Index begins
31
July
2025
In July 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.39 GEL, reflecting a 1.7% increase compared to June 2025. On an annual basis, the price rose by 10.4% compared to July 2024, pointing to strong upward pressure in food prices.
June 2025 | Khachapuri Index continues its seasonal decline
30
June
2025
In June 2025, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.28 GEL. The Khachapuri Index continued its downward trend for the fourth consecutive month. However, on an annual basis, the average price was still 4.7% higher than in June 2024.
