Indexes
October 13, 2014 Kh-Index | Economic geography of cheese production: the case of telavi
13
October
2014
In September 2014, the cost of cooking one Imeretian khachapuri gained 3.2% relative to August, reaching 3.35 GEL. Importantly, Khachapuri Index added much more than 13.7% in annual terms, suggesting that Georgia is beginning to experience inflation, at least as far as food prices are concerned.
There is considerable variation in the level of the Khachapuri Index across Georgia's major cities. At 3.55 GEL, Tbilisi and Kutaisi currently top the list. Batumi is third at 3.30 GEL. Traditionally for this time of the year, Telavi lags far behind with 3.01 GEL (10 % below the national average).
There is a particular reason for Telavis's position at the bottom of the Index. A large chunk of cheese sold in Kakheti originates in the highlands of Tusheti. And it is typical for the Tushi shepherds to bring their cows and sheep back to the Alazani valley at the close of the summer season. The shepherds carry with them very significant quantities of cheese produced and stocked in the highlands during the summer. As long as these stocks last, they apply downward pressure on prices. Thus, in September, Imeruli cheese cost as little as 5.60GEL in Telavi while fetching anywhere between 7.3-8.5GEL in other Georgian cities.
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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).
