Indexes
November 17, 2014 Kh-Index | Khachapuri index for foreign currency earners
17
November
2014
The average cost of cooking one standard Imeretian Khachapuri in October 2014 was 3.35 GEL, which is 0.1% lower both month-on-month (m/m, that is compared to the previous month) and year-on-year (y/y, that is compared to the same month of last year). Foreign currency earners have been affected differentially, depending on whether they are earning their income in USD or EUR. GEL depreciated relative to the USD: the average GEL/USD exchange rate in October 2014 was 1.75, which is 0.01 points higher m/m and 0.08 points higher y/y. As a result, when expressed in USD, Khachapuri Index lost -0.6% m/m and -5.2% y/y.Conversely, GEL appreciated relative to EUR, with the average GEL/EUR exchange rate in October reaching 2.22, which is 0.04 points lower m/m. and 0.05 lower y/y. For those earning their income in EUR, the khachapuri price gained 1.3% compared to the previous month and 2% compared to the same month of last year.
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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.
November 2024 | Khachapuri Index increased by 2%
28
November
2024
In November 2024, the average cost of preparing a standard portion of Imeretian Khachapuri increased to 6.77 GEL, marking a 2% rise from October 2024 and a 4.8% increase compared to November 2023. This seasonal rise in the Khachapuri Index is primarily driven by higher milk and dairy product prices, resulting from a seasonal decline in fresh milk availability and increased reliance on imported milk powder.
