ISET

The average cost of cooking one standard Imeretian khachapuri in the second month of 2018 dropped to 3.67 GEL, which is 1.2% lower month-on-month (compared to January 2018), and only 0.3% higher year-on-year (compared to February 2017).

As we suspected would happen in the previous publication, Khachapuri Index continued declining in monthly terms in all Georgian cities. The highest monthly drop was observed in Kutaisi (-2.9% compared to January 2018).

Markets in all cities offered great bargains for those frugal people among us who care to look for the least expensive ingredients. Kutaisi offers the best saving potential for frugal consumers, who would pay only 3.10 GEL for one portion of khachapuri, saving nearly a solid 17% of the local average price.

As is shown in the graph, those who search for the lowest prices can buy one portion of khachapuri at approximately the same price in Kutaisi, Telavi and Batumi (for 3.10 GEL, 3.09 GEL and 3.15 GEL, respectively). Considering average as well as minimum prices, Tbilisi is currently one of the most expensive markets for khachapuri lovers. In spite of the fact that Tbilisi offers good bargains for those who seek low-cost products, still, the minimum price for one portion of khachapuri is highest in the capital city. One of the possible explanations might be the fact that the dairy market has become increasingly regulated in Georgia. As cheese is the main ingredient of khachapuri and drives the Khachapuri Index, variable cheese prices in bazaars offer saving potential to frugal consumers. The bazaars in big cities might currently be undergoing stricter checks than other cities, offering less room for price differences.

 

More Khachapuri Index Articles

  • March, 2020 | The Khachapuri Index Increases by 26.6%

    The data behind the Khachapuri Index is ordinarily collected in open bazaars. However, given the coronavirus situation and the related recommendations, our researchers can no longer visit bazaars to collect data. To overcome this challenge, around the end of March 2020 we constructed a short online survey and asked our readers to fill out a questionnaire on the prices of khachapuri ingredients observed in bazaars from various Georgian cities. The data obtained show that the Read More
  • February, 2020 | Khachapuri Index Increases by 22.9%

    The Khachapuri Index reached a new historical high in February 2020. The Index continued its upward trend, reaching an average cost of 4.35 lari in February 2020. This is 1.3% higher than in January 2020 (m/m) and 22.9% higher when compared to February 2019 (y/y). The main contributors to the Khachapuri Index’s inflation since last year were cheese (36.5%) and flour (10.7%). Furthermore, as shown in the chart, the year-on-year price of all khachapuri ingredients—milk Read More
  • January, 2020 | The Khachapuri Index for Foreign Earners

    In January 2020, the cost of cooking one standard Imeretian khachapuri continued to increase, ranging from 4.21 GEL (Kutaisi) to 4.38 GEL (Batumi), with the average cost being 4.30 GEL. The new average price is 18.3% higher than the price in January 2019. While in month-on-month development, the khachapuri price is 0.7% higher than December 2019. The yearly price increase is driven largely by the deprecation of the Georgian lari against the US dollar. The Read More
  • December, 2019 | New Year Supra Index – 2019 Edition!

    Just like every Georgian family, ISET Policy Institute is preparing for the New Year, and we keep to our traditions and have cooked up a New Year Supra Index for our readers. The Index shows the cost of a standard festive supra meal for a family of five to six people in every Georgian region. The traditional dishes included in our calculations are: mtsvadi, satsivi (chicken in walnut sauce), khachapuri, trout, tabaka (fried) chicken, olivie Read More
  • November, 2019 | Annual Inflation in the Khachapuri Index Reaches 12.6%

    The Khachapuri Index continued its upward trend in November 2019, with the average cost of cooking one standard Imeretian Khachapuri reaching 4.1 GEL. This is 6.1% higher month-on-month (compared to October 2019), and 12.6% higher year-on-year (compared to November 2018). The increasing price trend was not surprising as, in general, an increase at this time of the year is driven by a seasonal decline in the supply of fresh milk and excess demand before the Read More
  • 1
  • 2

 

Our Partners