Indexes
June 2021 | Khachapuri index increases by 8.8%
30
June
2021
In June 2021, the average price of cooking one Imeretian khachapuri stood at 4.28 GEL. Compared to the previous month (May 2021) the Khachapuri Index lost 1.1%. In annual terms (compared to June 2020), however, the index added 8.8%.
The monthly (negative) change in the Index follows the traditional seasonal trend in fresh milk production, which peaks in June and July. In June 2021 price of cheese has decreased by 2.5% compared to the previous month (May 2021). However, all other khachapuri ingredients went up in price compared to last month: eggs (2.9%), milk (1.8%), butter (1.4%), and flour (0.7%).
The annual inflation, as measured by ISET’s Khachapuri Index, is in line with the GeoStat’s Consumer Price Index (CPI); both are following the same trend. CPI in June 2021 increased by 9.9% relative to June last year (y/y).
The main contributor of CPI inflation was price increase in the food and non-alcoholic beverages category, which increased by 8.8%(y/y). Prices went up for the following groups: oils and fats (47.1 percent), vegetables (16.6 percent), sugar, jam, honey, chocolate and confectionery (13.7 percent), fish (11.1 percent), milk, cheese and eggs (10.6 percent), mineral waters, soft drinks, fruit and vegetable juices (7.3 percent), coffee, tea and cocoa (7.2 percent), bread and cereals (5.5 percent), meat (5.3 percent). Prices went down for fruit and grapes (-19.5 percent).
It is expected that in following month, prices will fall down as the supply of fresh milk will possibly go up.
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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).
