Indexes
January 2025 | Khachapuri Index drops by 0.2%
30
January
2025
In January 2025, the average monthly cost of preparing one standard portion of Imeretian khachapuri ranged from 6.71 GEL in Batumi to 7.94 GEL in Telavi, with an overall average of 7.02 GEL. This reflects a slight 0.2% decrease compared to December 2024. However, on a year-over-year basis, the current price is 6.1% higher than in January 2024.
A closer look at individual ingredients shows that most components experienced year-on-year inflation: butter (+15.1%), cheese (+9.5%), yeast (+4.5%), and milk (+1.3%). In contrast, egg (-6.5%) and flour (-0.2%) saw price declines over the same period.
The most significant factor behind the slight decline in the Khachapuri Index is the 3.9% monthly drop in flour prices. Notably, global wheat prices have been declining since October due to a record-high harvest. Given the time lag for international price changes to affect local markets, this decrease was anticipated. Additionally, following the peak of the New Year season, most Khachapuri ingredients experienced slight deflation in January, except for butter (+3.1%) and eggs (+4.3%).
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December 2024 | The Khachapuri Index over the decade
30
December
2024
In December 2024, the average cost of preparing one standard Imeretian khachapuri rose to 7.03 GEL, marking a 3.8% increase compared to November 2024 and a notable 8.4% rise compared to December 2023.
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.
