Indexes
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).
During this season, it is typical for the index to show an ascending pattern, primarily driven by the increasing prices of milk and dairy products. This trend is a consequence of the seasonal reduction in fresh milk availability, leading to heightened demand for imported milk powder as a substitute.
In November, there was a monthly increase in the prices of all khachapuri ingredients. Particularly noteworthy was the significant rise in the price of cheese, increasing by 8.3%. Subsequently, there were additional increases in the prices of yeast (+5.9%), butter (+3.5%), milk (+2.6%), flour (+0.4%), and eggs (+0.3%).
It's worth noting that the cost of preparing one standard Imeretian khachapuri is the highest in Kutaisi (6.66 GEL) and the lowest in Batumi (6.39 GEL). Furthermore, a significant increase in cheese prices was observed in Kutaisi (+14.3%) and Telavi (+12.7%) during November 2023, which is expected to lead to a gradual rise in cheese prices across the entire country in the near future.
The expectation is that prices for essential food items will continue to rise, driven by increased demand during the holiday season, and likely to persist as winter brings shortages in supply.
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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.
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).
