07
December
2015
The average cost of cooking one standard portion of Imeretian Khachapuri increased to 3.66 GEL in November 2015. This is 1.4% higher m/m (compared to October 2015), and 9.6% higher y/y (compared to the same month of the previous year, November 2014). Given that it mostly consists of food prices that are subject to sharper seasonal fluctuations, the upward trend in Khachapuri Index is somewhat steeper than that of GeoStat’s official Consumer Price Index (CPI).
30
November
2015
In the last two weeks of November, Retail FPI decreased by 0.3%. Prices increased in the fruit and vegetable category. Grape price increased by 47%, tomatoes by 17.3% and eggplant by 12%. Unlike other fruits, tangerines, which are late to arrive to the market, went down in price by more than 30%.
17
November
2015
Khachapuri index changes its value in different regions according to seasonal demand and supply peculiarities. The latter is affected by milk production cycles (low in fall and winter, high in spring and summer), Georgia’s religious calendar (e.g. the Great Lent), as well as the ups and downs in tourism.
02
November
2015
In October 2015, the average cost of cooking one standard portion of Imeretian Khachapuri climbed to 3.61GEL, which is 4.5% higher m/m (compared to September 2015), and 7.9% higher y/y (compared to the same month of the previous year, October 2014).
30
October
2015
October Retail FPI was pretty stable showing a negligible 0.1% decrease in the 4th week of October compared to the middle of the month. (See the diagram with Retail FPI dynamics on the right).
