Indexes
March 16, 2015 Kh-Index | Inflation not picking up, not yet at any rate
16
March
2015
In February, the average cost of cooking one standard Imeretian Khachapuri dropped to 3.29GEL, which is 3.4% lower month-on-month (compared to January 2015), and 4.8% lower year-on-year (compared to February 2014). At least as far as khachapuri ingredients are concerned, prices are going down, not up.
The main contributors to y/y Khachapuri Index deflation in February were cheese (-11.5%), eggs (-1.1%) and butter (-2%). The price of the following products increased: flour (12.3%), yeast (18.9%), and milk (5.1%).
The general Consumer Price Index (CPI) is based on a much broader basket of goods and services, yet CPI inflation in February 2014 is very much business-as-usual: 0.1% m-o-m, 1.3% y-o-y.
Fairly large increases were recorded for the following goods categories: alcoholic beverages and tobacco (8.1%), health (6.4%), restaurants hotels (2.8%). Food and non-alcoholic beverages the single largest category in the CPI increased by only 1.9%. Price decreased for transport (-7.8%), as well as clothing and footwear (-5.4%).
As shown in the chart, inflation has declined in recent months despite Lari's devaluation relative to USD since December 2014. The last episode of relatively high inflation, observed in September 2014, was related to a bad harvest of fruits and vegetables.
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March 2024 | Beginning of seasonal drop in Khachapuri Index
01
April
2024
In March 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.40GEL. This latest average price marks a -1.8% decrease compared to March 2023. Additionally, in month-to-month developments, the price of khachapuri decreased by -6.4% compared to the previous month (February 2024).
February 2024 | The Khachapuri Index increases by 3.3%
04
March
2024
In February 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.83 GEL, marking a 3.3% increase compared to the previous month. However, in a year-to-year comparison, the price of khachapuri decreased by 1.5% compared to February 2023.
January 2024 | Khachapuri Index continues its upward trend
29
January
2024
In January 2024, the average monthly cost of preparing one standard portion of Imeretian khachapuri increased, ranging between 6.40 GEL (Batumi) and 7.11 GEL (Tbilisi), with an overall average cost of 6.62 GEL. This recent average indicates a 2% increase compared to the preceding month of December 2023. While examining year-to-year trends, the current price of khachapuri is 4.6% lower than in January 2023.
December 2023 | The Khachapuri Index over the decade
28
December
2023
In December 2023, the average cost of preparing one standard Imeretian khachapuri experienced a slight increase, reaching 6.48 GEL. This signifies a 0.2% rise compared to November 2023 and a noteworthy -7.3% decrease compared to December 2022.
November 2023 | Khachapuri Index increased by 5.5%
27
November
2023
In November 2023, the average cost of preparing a standard portion of Imeretian Khachapuri continued its upward climb, reaching 6.47 GEL. This represents a 5.5% increase from the previous month (October 2023) and a 6.9% decrease compared to the same period last year (November 2022).
