Indexes
December 2022 | The Khachapuri Index over the decade
26
December
2022
In December 2022, the average cost of cooking one standard Imeretian khachapuri continued its upward trend and reached 6.99 GEL. The latest average price is 0.6% higher month-on-month (compared to November 2022) and 21.7% higher year-on-year (compared to December 2021).
With Christmas and New Year supra preparation gaining momentum, it is typical for the index to maintain an upward month-on-month trend due to a holiday-related jump in demand. This December, the price of every khachapuri ingredient notably increased on an annual basis: cheese went up by 27.4%, milk – by 20.0%, butter – by 17.3%, yeast – by 15.1%, flour – by 13.3%, and the price of eggs rose by 8.6%.
On an annual basis, Khachapuri Index prices are on the rise for all Georgian cities. The largest growth was observed in Tbilisi (28.9%), followed by Telavi (22.4%), and then Batumi (21.8%). The smallest, but still sharp, the increase was recorded in Kutaisi (14.1%).
Considering the data from 2011-2022, the average cost of cooking one standard Imeretian khachapuri in December 2022 has almost doubled since 2011 (from 3.76 GEL to 6.99 GEL). The lowest cost was recorded in December 2012 (3.43 GEL), while the Khachapuri Index hit its highest recorded level (6.99 GEL) this December.
Although food prices have been going up in Georgia, it is worth noting that international prices registered their eighth consecutive monthly decline, and this should eventually be reflected in the local market and push prices down.
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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).
