Indexes
October 2021 | The khachapuri index hits a new high
08
November
2021
In October 2021, the cost of cooking one standard Imeretian khachapuri increased both annually and monthly, ranging between 4.3 GEL (Kutaisi) and 5.5 GEL (Telavi), with an average cost of 5.0 GEL. The latest average price is 14.9% higher than October 2020. In month-to-month development, the price of a khachapuri is 4.2% higher, compared to the previous month (September 2021).
Taking a more detailed look at prices, all the ingredients contributed to the YoY inflation in October: eggs (+29.9%), flour (+27.2%), butter (+19.1%), yeast (+15.9%), cheese (+12.4%), and milk (+10.8%).
The biggest contributors to the annual price increase appear to be increased prices on international markets; with the FAO reporting growing prices over the last year. The inflation observed is the highest since the food price crisis in 2011. Prices were up this October – 31.3% above their October 2020 levels. The main contributor was the Cereal Price Index, which rose by 25.1% in October compared to the corresponding month of 2020, this was followed by the Meat Price Index (+22.1%) and the Dairy Price Index (+15.5%). International food price movements are transmitted to the domestic markets with a certain time lag, and as international prices have been on the rise since the beginning of 2021, they are therefore now being reflected locally. Moreover, rising oil prices also push the price of food up. If these trends persevere, we might expect even higher food prices in the coming months.
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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).
