Indexes
February 2023 | The Khachapuri Index increases by 18.4%
06
March
2023
In February 2023, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.94 GEL. This latest average price is 18.4% higher than in February 2022. While in month-to-month developments, the price of a khachapuri increased marginally by 0.1% compared to the previous month of January 2023.
This February, the price of all khachapuri ingredients increased notably on an annual basis: cheese (+24.0%), milk (+18.0%), yeast (+16.9%), butter (+10.5%), eggs (+9.2%), and flour (+6.1%).
The price of cheese saw the highest increase in yearly terms. Price increases during this time of the year are typically driven by limited local milk production and its substitution with the imported milk powder, milk cream (e.g., butter), and other dairy products, those which are predominantly imported from Ukraine, Russia, and Belarus. The Russian war on Ukraine, resulting in supply shortages of milk products, is therefore likely to cause higher import prices for Georgia.
It is anticipated that in upcoming months, the price of milk will follow the seasonal trend and will decline: the Easter effect, more specifically Great Lent, which began on February 27th, might put downward pressure on the prices of milk and other dairy products since the demand for cheese and other milk products is typically lower during the Lent period.
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November 2024 | Khachapuri Index increased by 2%
28
November
2024
In November 2024, the average cost of preparing a standard portion of Imeretian Khachapuri increased to 6.77 GEL, marking a 2% rise from October 2024 and a 4.8% increase compared to November 2023. This seasonal rise in the Khachapuri Index is primarily driven by higher milk and dairy product prices, resulting from a seasonal decline in fresh milk availability and increased reliance on imported milk powder.
October 2024 | Khachapuri Index upward trend continues
30
October
2024
In October 2024, the cost of preparing one standard Imeretian khachapuri reached 6.62 GEL, reflecting a 2% increase from September 2024 and an 8% rise compared to October 2023.
September 2024 | Seasonal surge in the Khachapuri Index begins
30
September
2024
In September 2024, the average price for preparing a standard portion of Imeretian khachapuri reached 6.48 GEL. During August and September 2024, the Khachapuri Index showed an upward trend, with prices increasing by 13% in September compared to July 2024.
July 2024 | Khachapuri Index dropped by 2.9%
28
July
2024
In July 2024, the average cost of cooking one standard portion of Imeretian khachapuri was 5.78 GEL, reflecting a 2.9% decrease compared to June 2024. On an annual basis, the price remained nearly unchanged, with a slight decline of 0.04% compared to July 2023.
June 2024 | Khachapuri Index increased by 2.9%
28
June
2024
In June 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6 GEL. After three months of a declining trend, the index increased by 2.9% compared to May 2024. On an annual basis, the average price is 6.8% higher than in June 2023.
