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What does Khachapuri Index show for September 2020? – ISET-PI

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BM.GE
30.10.20 17:00
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In September 2020, the average cost of cooking one standard portion of Imeretian khachapuri was 4.09 GEL, which is 2.8% higher month-on-month (compared to August 2020), and 11.7% higher year-on-year (compared to the same month of the previous year, September 2019) – ISET-PI’s Khachapuri Index shows.

According to this index, the biggest monthly increase (8.2%) was observed in Telavi, followed by Kutaisi (7.0%), and then Tbilisi (5.5%). The smallest monthly increase in price was observed in Batumi (2.6%). Also, the largest monthly increase (13.3%) in the price of Imeretian cheese was recorded in Telavi, the capital of Georgia’s main wine-producing region, Kakheti.

“As the Khachapuri Index historical data shows, changes in cheese prices are first reflected in Kutaisi and Telavi and then transmitted to other cities. So, it is expected that prices will increase more in the coming months in the other parts of Georgia. Furthermore, an increasing trend in food prices is tied to the COVID-19 pandemic as well” – ISET-PI said.