In November 2021, the Khachapuri Index continued its upward trend and reached 5.37 GEL. This figure is 7.2% higher than the previous month (October 2021) and 19% higher than November 2020 (YoY). Every ingredient contributed to the YoY Khachapuri Index inflation: eggs (38.6%), flour (30.2%), butter (22.6%), yeast (18.7%), cheese (14%), and milk (10.3%).
In October 2021, the cost of cooking one standard Imeretian khachapuri increased both annually and monthly, ranging between 4.3 GEL (Kutaisi) and 5.5 GEL (Telavi), with an average cost of 5.0 GEL. The latest average price is 14.9% higher than October 2020. In month-to-month development, the price of a khachapuri is 4.2% higher, compared to the previous month.
In June 2021, the average price of cooking one Imeretian khachapuri stood at 4.28 GEL. Compared to the previous month (May 2021) the Khachapuri Index lost 1.1%. In annual terms (compared to June 2020), however, the index added 8.8%.
The average cost of cooking one standard Imeretian khachapuri currently stands at 4.33 GEL, which is 6.9% lower month-on-month (compared to April 2021), and 5.6% higher year-on-year (compared to May 2020). The main contributor to the price change is a seasonal decrease in the price of cheese, which fell by -13.1%, compared to the previous month (April 2021).
The average cost of cooking one standard Imeretian khachapuri in April 2021 was 4.65 GEL. The Index gained 1% compared to the previous month (March 2021). Usually, at this time of year, seasonal declining trend is expected, which is largely driven by a springtime adjustment of the price of milk and milk products.