Indexes
May 2024 | Khachapuri Index's downward trend continues
28
May
2024
The average cost of cooking one standard portion of Imeretian khachapuri was 5.83 GEL in May 2024. Continuing the month-on-month downward trend, the price of khachapuri fell by 6.5% compared to April 2024. However, there is still a year-on-year increase of 1.3% compared to May 2023.
Annually, the Khachapuri Index rose in Tbilisi, Telavi, and Kutaisi, while it decreased in Batumi. Tbilisi is currently one of the most expensive markets for khachapuri ingredients, with the cost of cooking one standard Imeretian khachapuri standing at 6.47 GEL, 11% above the national average. In contrast, Kutaisi is the cheapest location, with a single khachapuri costing 4.91 GEL. The price difference between the most expensive city (Tbilisi) and the cheapest one (Kutaisi) is 1.56 GEL.
On a month-on-month basis, the Index declined in most Georgian cities except Batumi, with the largest drop of 15.5% in Kutaisi. This decrease aligns with traditional seasonal trends in fresh milk production. Seasonal fluctuations in cheese prices are consistently more pronounced in Kutaisi than in other parts of Georgia, likely because Imereti is the largest milk-producing region in the country, leading to price drops when the milk production season begins.
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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.
