Indexes
May 2023 | Khachapuri Index's downward trend continues
05
June
2023
The average cost of cooking one standard portion of Imeretian khachapuri stood at 5.76 GEL in May 2023. The declining month-on-month trend has continued as the price of khachapuri fell by 4.1% (compared to April 2023). However, in comparison to May 2022, a year-on-year increase of 1.9% is still visible.
On an annual basis, the Khachapuri Index increased in Tbilisi and Batumi, while it decreased in Kutaisi and Telavi. Considering average prices, Batumi is currently one of the most expensive markets for khachapuri ingredients. The cost of cooking one standard Imeretian khachapuri stands at 6.43 GEL, 12% above the national average. In yearly terms, prices also rose in Tbilisi – gaining 8.7%. At the same time, a single khachapuri costs 4.81 GEL in Kutaisi, which also appears to be the cheapest location. The difference in cost between the most expensive (Batumi) and the cheapest (Kutaisi) cities reached 1.52 GEL.
In terms of month-on-month development, the Index declined in all Georgian cities and experienced its largest drop in Kutaisi (9.0%). This negative monthly change in the Index follows traditional seasonal trends in fresh milk production, as anticipated. Moreover, such typical observations concerning seasonal fluctuations in cheese prices are consistently sharper in Kutaisi than elsewhere in Georgia. This may be explicable as Imereti is the largest milk-producing region in Georgia, and once the milk production season starts, the prices decline.
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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).
