Indexes
February 27, 2017 Kh-Index | Kutaisi leading again
27
February
2017
The average cost of cooking one standard Imeretian khachapuri in February 2017 is 3.66 GEL, which is 0.2% lower month-on-month (compared to the previous month), and 6.2% higher year-on-year (that is, compared to the same month of last year). The highest price for khachapuri is found in Kutaisi, where the price stands at 3.95 GEL. Telavi took second place with 3.59 GEL. Batumi and Tbilisi followed closely with 3.55 GEL and 3.53, respectively. The price variation between the most expensive city (Kutaisi) and the cheapest one (Tbilisi) reached 0.42 GEL - a big difference. According to the Kh-index data, Kutaisi continues as the leader in terms of higher prices for the last three months.
The main contributor to the Kh-Index y/y increase was the price of cheese, which has gone up by 12.1%. Cheese prices were highest in Kutaisi (9.6 GEL), which is 1.1% higher compared to January 2016, and 30% higher compared to last year’s level.
This large shift in cheese prices in Kutaisi can be associated with increasing demand for dairy products and khachapuri. According to the Georgian National Tourism Administration, the number of tourists visiting the country went up by 19.8% in January 2017, as compared to last year (January 2016). Also, the number of flights at Kutaisi International Airport increased by 121% in January 2017, compared to the previous year (January 2016).
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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.
