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MARKET SITUATION. DEMAND AND PRICES

Politics Materials 3 October 2005 11:09 (UTC +04:00)

Consumer market

In August 2005 a rise of the retail goods turnver got restored amid continuing rise of the community services.

According to the State Statistics Committee in January to August the amount of retail goods turnover comprised 14.97trln manats, or 12.4% up as compared to last year. The commercial services delivered to population comprised 2.98bn manats, or 21.3% up as compared to last year.

Prices

Inflation ratio fell in July and reached 11.1%, or 0.5% down as compared to July.

All major groups of goods played the key role in cut of inflation ratio. Prices of foodstuff dropped 0.8% and made up 11.1%.

Thus, in June the non-foodstuff prices dropped 0.2% to 6.1, while service prices dropped 4.3% and comprised 13.9%.

Wholesale prices in industry fell 6.8% in August and comprised 17.6%. Prices in oil and gas production rose 25.9%. Wholesale prices in oil and gas production grew 2.5%, while in energy sector вЂ" 0.1%.

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