Prices and situation in consumer market (26.10- 31.10.2009)

Consumer market

In January to September 2009 a rise of the retail goods turnover got restored amid continuing rise of the community services and was 9.6%. The amount of retail goods turnover comprised AZN 11270.3mln. In particular, 69.1% of growth accounted for retail trade, 30.1% - paid services.

During January-September 2009 trading networks of Azerbaijan sold population consumer goods at 8464.3 million manat, which is 8.5% more than the same period of last year. The share of retail turnover in the consumer market is 75.1%. Legal entities provided 14.7% of turnover, fairs and markets - 42.4%, individual entrepreneurs - 42.1%.

According to the data provided by the State Statistics Committee of Azerbaijan, of the total amount, AZN 5507.2mln was made up of foodstuffs, AZN 2957.1mln - non foodstuffs. The increase in sales on both goods was 10.7% and 3.9% respectively.

During January-September 2009, every citizen of the country acquired consumer goods and paid services at 141.5 manat that 13.5 manat higher than January-September 2008. In January-September, the average turnover per 1 inhabitant of the country amounted to 106.3 manat.

In January to September commercial services to population made up 2806.0 million manat, or up 12.5 percent. Individual entrepreneurs provided 20% of services, legal entities - 80%, with growth of 10.1% and 13.1% respectively.

The services in September amounted to 381.2 million manat increasing by 10.4 million manat compared to August 2009. In January-September, the average amount of paid services per 1 inhabitant of the country amounted to 35.2 manat, which is 5.4 manat higher than the same period of 2008.


Prices for consumer goods and tariffs for services increased 0.4% in September compared to August 2009, but in January-September 2009, rose by 2.1% compared to the same period of 2008 (data from the State Statistics Committee).

The main reason of inflation is the decision of the Tariff Council of Azerbaijan to double the price of natural gas for the country's population from 1 July 2009. According to this decision, the price of 1,000 cubic meters of natural gas increased from 47.2 to 100 manat. Tariffs were raised in order to improve the quality and reliability of natural gas supply for the population.

In September, the prices for food products rose by 0.4%, for non-food products increased by 0.1%, while tariffs for services rose by 0.4%.

Compared to September 2008, food prices reduced by 0.4%, non-food - increased by 4.7%, and tariffs of services - rose by 6.4%.

In September 2009, the base index of the consumer prices incurring seasonal changes (fruits and vegetable) and being regulated by the Government made up 100.8% as compared to the previous month, and 102.5% to the same period of the last year.    

The government forecasts inflation in 2009 at 13%.

As compared to the previous month, in September 2009 the index of industrial goods price increased 6.2%, but reduced 30.6% compared to the same period of the last year.

The price in oil and gas production increased 7.5% in September compared to August 2009, but decreased 45.6% compared to the same period of 2008.  

The prices in refining chemical products increased 3.0% in the month and reduction totaled 24.9% at annualized pace. In September, the prices in metallurgy increased by 0.6% compared to August, but declined 25.5% at annualized pace. The prices for electricity, gas and water decreased by 0.2% in September as compared to August 2009, but grew 1.2% at annualized pace.

Russia allows import of tomatoes to several Azerbaijani enterprises
Russia allows import of tomatoes to several Azerbaijani enterprises
Iran implements its plan on domestic production in full - deputy minister
Iran implements its plan on domestic production in full - deputy minister
Number of countries buy products from Turkmen commodity and raw materials exchange
Number of countries buy products from Turkmen commodity and raw materials exchange
Loading Bars
War Trophy Park to open for visitors in Azerbaijan’s Baku soon
Azerbaijani, Maldives FMs hold exchange views issues mutual interest
Uzbekistan discloses progress on construction of new plant of Navoiazot company
Azerbaijani FM receives delegation of Italian Senate (PHOTO)
Azerbaijan’s Baku Metro introduces solution for automatic supply of voltage to trains (PHOTO)
Several audit companies in Azerbaijan included in network of int’l organizations
Current interest rate in Azerbaijan to improve position of local capital market - Unicapital
International IT Holding of Belarus implementing big transport project in Azerbaijan
Russia's Red Wings may launch flights from Yekaterinburg, Chelyabinsk to Uzbekistan
Iran's Energy Exchange announces products to be on sale on April 13
Bahar Azadi gold coin price rebounds in Iran
Uzbekistan increases export volume of clothing to Kazakhstan
Iran's Natanz nuclear facility continues to operate – AEOI
UAE reports 1,928 new COVID-19 cases, two deaths
Russia allows import of tomatoes to several Azerbaijani enterprises
Israel's fiscal deficit narrows as economy begins recovery
IMF makes prediction regarding Georgian external debt
UK, EU talks on Northern Ireland are constructive, differences remain
Georgian E-Space actively cooperating with car dealers to bring new electric vehicles
Russia, Uzbekistan approve text of space co-op agreement
Uzbekistan joins CIS industrial agreement
Uzbekistan, Kuwait launching direct flights
Georgia's external debt up due to COVID-19 shock - IMF
Azerbaijan's CBA signs contract to acquire licenses for cybersecurity
Uzbekistan’s centers of public services improve work on basis of Azerbaijan's ASAN
Iran's LPG exports decreases
USDA unveils forecast for Azerbaijan's barley production
Russian Technonikol looks to build thermal insulation plants in Kazakh Almaty region
Indian-American, 5, Reads 36 Books Nonstop In 105 Minutes, Sets Record
Weekly review of Georgian's capital markets
Georgian Inert Materials Complex company investing in extraction of gravel materials
Nar’s renovates its service centers in Baku and regions (PHOTO)
India becomes largest buyer of US crude in first quarter of 2021
Turkmenistan's Mary region opens tender for construction of schools
Iran implements its plan on domestic production in full - deputy minister
Azerbaijan publishes latest data on COVID-vaccinated citizens
Investments in Kazakhstan's agriculture surge
Several international companies express interest in Georgian FDI Grant
Minister discloses amount of export of Azerbaijan’s non-oil products
Iran tightens restrictions for travelers on borders with Turkey, Iraq
Azerbaijan confirms 1,151 more COVID-19 cases, 1,052 recoveries
Georgia to place new Eurobonds
Iran looks to set up advanced centrifuges at Natanz nuclear plant
Kazakhstan increases exports to UK
Iran Oil Ministry to fund startups
Iran unveils generation capacity of thermal power plants
Azerbaijan temporarily bans import of poultry meat from several countries
Georgia shares data on revenues from tobacco excise duty
S.Korean PM, Iranian Supreme Leader's Advisor discuss frozen Iranian funds
Kazakhstan, Belarus trade surges
Potato, onion planting completed in Dashoguz region of Turkmenistan
Iran's TEDPIX sees decline
Swiss government urges voters to back COVID-19 law that foes want to ditch
Kazakhstan exceeds plan on petroleum products output
High-voltage substation with digital control system to be built in Uzbek Jizzakh region
Azerbaijani president signs order to set up new enterprises in Balakhani Industrial Park
Revenues of Azerbaijan's Nakhchivan from communication services increase
Turkish Aksa Enerji building thermal power plants in Uzbek Tashkent region
Maersk Explorer completes drilling activities for Shah Deniz
Unicorns of 2021: Gupshup, ShareChat latest entrant to $1B club; total number rises to 10
In a first, surgery restores 'right' music to man's ear
Cargo transportation in Azerbaijan's Nakhchivan increases
Georgia reveals volume of pension fund's assets
Volume of SOCAR Ukraine’s aviation fuel supplies revealed
Baku Heydar Aliyev Airport gains 5-Star COVID-19 Airport Safety Rating
U.S., European consumers warm up to electric vehicles, but remain wary of price
Kazakhstan’s KAZAKHALTYN delists its shares from Stock Exchange
Azerbaijan's Nakhchivan sees increase in investments in fixed assets
Several contracts signed in Iran’s oil sector
Azerbaijan announces restoration of Araz newspaper's office building in liberated Fuzuli (PHOTO)
Domino's, Nuro to start robot pizza delivery in Houston
Turkmenabat cotton spinning factory of Turkmenistan exports most of its products
GDP of Azerbaijan’s Nakhchivan shows increase
Turkmenistan’s Foreign Economic Affairs bank talks volume of net profit for 2020
Average monthly nominal salary in Azerbaijan's Nakhchivan continues to grow
Kazakhstan Railways opens tender for rolling stock repair
Turkish Ziraat Bank shares forecast for Azerbaijan's GDP in 2021-22
Kazakhstan's gas consumption exceeds plan in 1Q2021
Kazakhstan’s Ulba Metallurgical Plant announces tender for equipment repairs
Iran has greater potential in technology than in oil sector - minister
Azerbaijan discloses daily volume of oil production for March 2021
Assets of Kazakhstan’s National Fund decrease
Iran's CBI allows some traders to import commodities, instead of revenues
Iranian technology companies produce number of aviation products
OECD countries’ crude oil imports fell in 2020
Georgia implements program aimed at supporting real estate sector
Total OECD natural gas imports decrease by over 5%
IMF reveals forecast for breakeven oil price in Azerbaijan
Iran reveals COVID-19 data for April 12
Production volumes in all sectors of manufacturing industry increase in Kazakhstan
Kazakhstan to consider bill on products omitted from EAEU Unified List
President of Belarus due in Azerbaijan
Iran wants return to JCPOA's original model - Iranian official
Time in Iran's favor - AEOI official
Satcom wins contract from West African country
Czech COVID-19 daily tally lowest since September as pupils return to classroom
US Fortinet offers various modern cybersecurity solutions for Azerbaijani SMEs
Manufacture volumes of many types of products increased in Turkmenistan
Iran Air asks Boeing to fulfill its obligations
Iran announces annual budget for free economic zones
All news