- Details
In January, the cost of cooking one standard Imeretian khachapuri continued to increase, ranging from 3.56 GEL (Batumi and Tbilisi) to 3.92 GEL (Kutaisi), with the average cost being 3.67 GEL. The new average price is 1.9% higher than the price in January 2016. As for month-to-month development, the price of khachapuri is 1.3% higher compared to the previous month (December 2016).
- Details
In January, the cost of cooking one standard Imeretian khachapuri continued to increase, ranging between 3.56 GEL (Batumi and Tbilisi) and 3.92 GEL (Kutaisi), with the average cost being 3.67 GEL. The new average price is 1.9% higher than the price in January 2016. As for month-to-month development, the price of khachapuri is 1.3% higher compared to the previous month (December 2016).
Cheese is the main and most expensive component of Georgian khachapuri, driving the sharp seasonal fluctuations of the Khachapuri Index. The price of cheese shot up sharply in January 2017, after dropping (in annual comparison) from July 2016 (6 month). In previous publications, we discussed some possible reasons behind the cheese price decrease in yearly terms. One of those reasons is the increased amount of imported milk powder being utilized, which kept cheese prices below last year’s levels.
- Details
The average cost of cooking one standard Imeretian khachapuri in January 2017 across Georgian cities varied from 3.56 GEL (prices observed in Tbilisi and Telavi were exactly the same) to 3.92 GEL (observed in Kutaisi). The overall average price was 3.67 GEL, which is 1.3% higher compared to the previous month (December 2016), and 1.9% higher compared to same month last year (January 2016). The change in yearly terms was driven by small increases in three ingredients: cheese prices went up by 5.4%, followed by yeast (4.1%), and butter (3%).
- Details
The average cost of cooking one standard Imeretian Khachapuri in the last month of 2016 increased to 3.62 GEL, which is 4.6 % higher month-on-month (m/m, that is, compared to the previous month), and 4% lower year-on-year (y/y, that is, compared to the same month of last year).
The main contributors to y/y Khachapuri Index deflation were cheese (down 4.3%) and flour (down 9.2%). In previous publications we talked about milk powder as a possible reason for the annual decline of cheese prices, which are trending below last year’s trend from July.
Our Partners
