Indexes
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.
Telavi recorded the most significant monthly increase, with the Khachapuri Index rising by 6.6%. Specifically, in October, the Khachapuri Index in Telavi stood at 7.17 GEL, 8.4% higher than the national average. This substantial increase is tied to Kakheti’s distinct autumn season, especially during the grape harvest, or Rtveli, which kicks off in late August and spans several weeks. The Rtveli celebrations lead to a shift in tourism patterns, drawing visitors from the Black Sea coast to Telavi and surrounding areas. This seasonal influx of tourists raises local demand, contributing to notable fluctuations in prices.
On an annual basis, prices for nearly all ingredients rose, except for eggs, which declined by 1.5%. Yeast saw the largest annual price increase at 21.8%, followed by butter at 16.4%, milk at 13.2%, cheese at 8.6%, and flour at 4.6%. Most of these ingredients also experienced monthly price increases, except for milk, which decreased by 1.9%.
Looking ahead, ongoing seasonal reductions in milk supply are anticipated to drive further price increases for cheese and milk—the primary ingredients in khachapuri—in the coming months.
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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.
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.
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.
