The average cost of cooking one standard Imeretian Khachapuri in the second month of 2019 decreased to 3.54 GEL, 2.2% lower month-on-month (in comparison to the previous month), and 3.5% lower year-on-year (compared to the same month of last year). The Khachapuri Index is driven primarily by the price of cheese, the main ingredient in khachapuri. In February 2019, the cheese price declined in almost all large Georgian cities, relative to the same month of last year. The highest yearly price decrease (13.5%) of Imeretian cheese was recorded in the capital, Tbilisi. For Khachapuri lovers, Telavi is currently the most expensive city, with Tbilisi taking second place.
The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.54 GEL in February 2019. This is 2.2% lower MoM (compared to January 2019), and 3.5% lower YoY (in comparison to February of 2018). The index having a downward trend at this time of the year is not unusual, and chiefly relates to the decreasing price of cheese (due to a higher supply of fresh milk).
In January 2019, the cost of cooking one standard Imeretian khachapuri decreased comparatively both annual and monthly, ranging between 3.56 GEL (Tbilisi) and 3.70 GEL (Kutaisi), with an average cost of 3.62 GEL. The new average price is 2.5% lower than in January 2018. As for the month-to-month development, the price of khachapuri is 3.5% lower compared to the previous month (December 2018).
The average cost of cooking one standard Imeretian khachapuri in the first month of this year is 3.62 GEL, which is 3.2% lower – m onth-on-month (compared to the previous month), and 2.5% lower year-on-year (from January 2018).
The New Year is approaching, and every Georgian family is already preparing for this festive event. And so is the ISET-Policy Institute. We are keeping with our tradition and cooking up a special edition of the Khachapuri Index for our readers: a “New Year’s Supra Index”. This Index shows the cost (in GEL) of a standard supra meal for a family of 5-6 people in each of Georgia’s regions.