Indexes
June 2023 | Khachapuri index declines further
30
June
2023
In June 2023, the average cost of cooking one standard portion of Imeretian khachapuri stood at 5.62 GEL. It is now the fourth consecutive month that the Index has maintained a declining trend, where the price of khachapuri fell by 2.4% (compared to May 2023). On an annual basis, the average price is 1.7% higher than in June 2022.
In comparison to June 2022, the price rose for the following khachapuri ingredients: yeast (+13%), milk (+11.9%), butter (+10.7%), and cheese (+2.1%). In terms of the respective decreases, the egg price saw a modest fall (-1.2%), while flour prices declined more significantly (-7.9%). It is worth noting that flour had the highest price increase in 2022 compared to 2021 – largely due to disruptions in supply chains fueled by the war in Ukraine. Nevertheless, it seems that the situation has now relatively stabilized. Furthermore, decreasing international wheat prices might also be contributing to this picture, alongside Russia’s decision to reduce the wheat export tax from the month of June.
The index, however, lost value in monthly terms. The main contributor to this change was the decrease in the price of cheese, which retains the highest weight in the index, and fell by -3.7% compared to the previous month. All other khachapuri ingredients except yeast, which increased by 2.8%, went down in price compared to the previous month: flour (-1.8%), eggs (-1.2%), milk (-0.9%), and butter (-0.5%).
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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).
