Seasonal Increase in Dairy Prices

Seasonal Increase in Dairy Prices

Seasonal Increase in Dairy Prices

The FINANCIAL -- The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.62 GEL in November 2018. This is 0.8% higher month-on-month (compared to October 2018), and 2.2% lower year-on-year (compared to the previous November, 2017).

As the chart shows, the main contributors to the Khachapuri Index monthly inflation were milk (up by 1.5%), cheese (up by 1.3%), and butter (up by 0.6%). All other ingredients decreased in price: yeast (down by 0.5%), flour (down by 0.5%), and eggs (down by 0.2%).

Understandably, the positive monthly change in the Khachapuri Index follows a traditional seasonal trend in fresh milk production. In the winter, there is a lack of flesh milk on the market, which pushes prices up. In December, this trend might continue, however this effect will be somewhat neutralized by lower demand throughout fasting period, which started at the end of November.