Indexes
April 2022 | The khachapuri index increases by 31%
06
May
2022
In April 2022, the average cost of cooking one standard Imeretian khachapuri increased to 5.86 GEL, which is 0.3% higher month-on-month (compared to March 2022) and 30.7% higher year-on-year (from April 2021).
All khachapuri ingredients went up in price in comparison to last year: milk by 12.4%; yeast – 15.1%; butter – 23.8%; cheese – 24.8%; eggs – 29.7%; and flour – 41.1%. These increases are very much in line with GeoStat’s official annual inflation estimate, for which the food price category currently stands at 21.3%.
As for monthly changes, the prices increased, although at a slower rate, within the following products: milk is up by 2.8%, eggs by 2.3%, flour by 1.3%, and butter by 0.9%. Prices decreased marginally for the categories of cheese (down 0.6%) and yeast (down 0.8%). It should be noted that the current Khachapuri Index is still following traditional seasonal trends in fresh milk production, in combination with a temporary slump in demand due to the Great Fast of Lent that started on 7 March.
In upcoming months, we anticipate a decreasing trend in milk price as production steadily rises, however, overall food price inflation might be still high given the increased prices on wheat and other major food commodities.
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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).
