Azerbaijan experiences 4-percent deflation for six months: NGO

Azerbaijan, Baku, July 15/ Trend , U.Ismayilova/  

In June, the consumer price index dropped by 0.3 percent in Azerbaijan, while this figure increased by 0.3 percent, but decreased by 0.89 percent in the country's regions, the Chairman of the Board of the Non-Governmental Organization Economic Studies Center, Gubad Ibadoglu said.

A 2.19-percent price cut was observed on consumer goods, particularly in the country's regions and seasonal products. Prices of non-consumer goods increased by 0.44 percent and tariffs in a service field - by 0.9 percent.

Prices of non-consumer goods increased by 0.1 percent and services - 0.34 percent.

The most significant price rise occurred in a service field in Azerbaijan - by 0.62 percent.

Among the consumer goods, price cut was observed in watermelons - 57.14 percent, eggplant - 48.01 percent, potatoes - 31.34 percent, alcha - 27.1 percent, melons - 23.08 percent. In the services sector, price for aerobics classes grew by 8.8 percent, hairdressing services for men - 7.89 percent.

In the first half, according to calculations of NGOs, a 3.58-percent deflation was observed in Azerbaijan. During this period, the highest figure was observed for food products - 5.12 percent. The consumer price index fell by 3.03 percent compared June of 2008, and deflation was 2.23 percent in the country's regions and 3.77 percent in Baku.  

The Azerbaijani State Statistics Committee reported that consumer prices and tariffs for services in May decreased by 0.2 percent compared to April 2009 and went up by 4.9 percent for four months compared to the same period of last year.

Prices for consumer goods declined in May by 0.4 percent, for non-food products - by 0.3 percent, and tariffs for services remained at the previous level.

Compared to January-May 2008, food prices rose by 4.9 percent, non-foods - 6.4 per cent, while tariffs of services - by 5.8 percent.

In May, the base consumer price index, calculated with goods and services deduction that are confirmed by seasonal changes (fruits and vegetables), and prices are regulated by the state, amounted to 99.4 percent and for four months - 106.2 percent compared to the same period 2008.

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