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.