Indexes
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. This rise is primarily due to a 22% increase in cheese prices over the three-month period (July-September 2024). Typically, as autumn approaches, dairy product prices rise due to the need for additional animal feed supplements.
In addition to these seasonal factors, the average price of khachapuri in September 2024 is 10.3% higher than in September 2023. A closer look at price changes shows yearly increases across all khachapuri ingredients: yeast (21.7%), milk (17.6%), butter (12.1%), cheese (10.8%), flour (4.4%), and eggs (1.1%).
Tbilisi currently ranks as the most expensive market for khachapuri ingredients, with the cost of making one standard Imeretian khachapuri at 7.04 GEL, 8.5% higher than the national average. In contrast, Batumi remains the most affordable location, with a single khachapuri costing 6.18 GEL. The 0.86 GEL price difference between Tbilisi and Batumi can be attributed to seasonal tourism patterns. In September, seaside destinations like Batumi become less attractive, leading to lower demand compared to Tbilisi.
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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.
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.
May 2024 | Khachapuri Index's downward trend continues
28
May
2024
The average cost of cooking one standard portion of Imeretian khachapuri was 5.83 GEL in May 2024. Continuing the month-on-month downward trend, the price of khachapuri fell by 6.5% compared to April 2024.
