Indexes
April 18, 2017 Kh-Index | Great lent pushed prices down
18
April
2017
In March 2017, the national average price of cooking Imeretian khachapuri declined to 3.41 GEL, which is 6.9% lower compared to the previous month (February 2017), and 4.1% above its value year ago (March 2016).
Such a noticeable monthly decline in the price of khachapuri is driven by the seasonal adjustment in the price of cheese, which stood at 7.31 GEL in March 2017, and is 12.2% below last month’s value (February 2017). As mentioned in a previous publication, this year the price of milk started its seasonal decline in March. The Easter effect, more specifically Great Lent (which began on February 27th) might have strengthened the downward price trend, as demand for cheese and other milk products is lower during the Lent period.
It is anticipated that in upcoming months, the price of milk will follow the seasonal trend and will continue to decline; however, we might not see a significant drop in prices, because the increased demand after fasting will balance the seasonal effect.
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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.
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.
