Indexes
October 2023 | Khachapuri index upward trend continues
30
October
2023
In October 2023, the cost of preparing one standard Imeretian khachapuri increased monthly and reached 6.13 GEL. The latest average price is 4.2% higher month-on-month (compared to September 2023) and 6.8% lower year-on-year (compared to October 2022).
On a monthly basis, the expenses for khachapuri rose in all major cities except Batumi. Tbilisi saw the most substantial increase (+15.1%), followed by Telavi with a notable uptick of (+4.4%), and a slight dip was recorded in Batumi (-0.3%). These variations can be attributed to the distinctive autumn period in Georgia, particularly in Kakheti, marked by the grape harvest (Rtveli). Rtveli celebrations in Kakheti commence at the end of August and extend for several weeks. The observed trend indicates a shift in the flow of local tourists from the Black Sea coast to Telavi and Tbilisi, resulting in additional demand and corresponding fluctuations in prices.
The prices for all ingredients increased, except for butter, which remained constant on average. Thus, the price of eggs showed a +5.9% increase, cheese prices increased by 4.2%, flour by 2.7%, yeast by 2.4%, and milk by 1.9%. While the prices increased on a monthly basis, the yearly prices of cheese and flour continued their significant decline by 12.4% and 4.6%, respectively.
With the decline in milk supply due to seasonality, it is anticipated that monthly prices for cheese and milk—the main ingredients of khachapuri—will further increase in the upcoming months.
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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).
