Prices and situation in consumer market in Azerbaijan (January-March 2011)

In January-March 2011, a rise of the retail goods turnover got restored amid continuing rise of the community services and was 9.5%. The amount of retail goods turnover comprised 4.9bln. In particular, 70 percent accounted for retail sales, 26.9 percent - paid services.

In January-March 2011, the trading networks of Azerbaijan sold population consumer goods at 3 765.4 million manat, which is 9.2% more than 2010. Legal entities provided 12.9% of turnover, fairs and markets - 42.7%, individual entrepreneurs - 43.7%.

In January-March 2011, the paid service rendered to population amounted to 1 170.6 million manat, which is 10.2 percent more as compared with 2010. Individual entrepreneurs provided 73.4 percent of services, legal entities - 26.5 percent with growth of 12.0 percent and 5.6 percent respectively.

In January-March 2011, every citizen of the country acquired consumer goods and paid services at 182.6 manat that is 17.6 percent higher than 2010, indicating that the purchasing capacity of citizens has increased. The average turnover per one citizen at 162.4 manat (93.1 percent) was provided by the private sector.

In connection with the rapid economic development and population growth in prosperity, the Azerbaijanis preferred to global brands for many commodities, including alcoholic beverages, cigarettes and other tobacco products, motor vehicles, etc.

Prices

In March 2011 , the prices for consumer goods and tariffs for services rose 1.1 percent compared with the previous month, and compared to January-March 2010 grew by 9.1 percent in 2010 (data from State Statistics Committee). The main reason for rise in prices on the consumer market of Azerbaijan is the rise in oil prices on world markets. In assessing the characteristics of the domestic market, it needs to definitely take into account the fact that the country imports a large amount of food products and 60 percent of inflation in the country was provided through imports. Another reason for rise in prices is the subjective factors - artificially inflated prices by some entrepreneurs.

The prices for food products in March 2011 rose 1.8 percent compared to February 2011, non-food products prices rose 0.2 percent, and tariffs for service - 0.3%.

Compared with January-March 2010, food prices grew by 13.4 percent, non-food products - 2.8 percent, and tariffs for the service sector - 3.1 percent.

In March 2011, the base index of the consumer prices incurring seasonal changes (fruits and vegetable) and being regulated by the Government rose by 0.1% as compared to the previous month, and 6.2% to January-March 2010.

As compared to the previous month, in March 2011 the index of industrial goods price remained unchanged, but rose 0.8% compared to the same period of the last year.

The price in oil and gas production remained unchanged in March 2011 compared to previous month, but declined 0.5% compared to the same period of 2010.

The prices in refining chemical products increased 0.4% in the month, but increased 16.2% annually.

In March 2011, the prices in metallurgy remained unchanged compared to the previous month, but rose 13.5% during the year. The prices for electricity, gas and water remained unchanged compared to previous month, but during the year dropped 0.2 percent.

In March 2011, production prices for agricultural products rose by 1.4 percent compared to February, but rose 13.8 percent compared to the same period of the last year.

Prices for forestry products in March remained unchanged, for fish and fish products grew by 1.4 percent compared with February, but in the first quarter declined by 6.9 percent during the year.

The total amount of agricultural production in January-March was 473.697 million manat, which is 19.83 percent more compared to the same period of last year.

In the first quarter of 2011, agricultural production in Azerbaijan has grown by 5.3 percent compared to the same period of last year, including crop production - 6.6 percent, livestock production - 5.3 percent.

Cost of forestry goods for the period amounted to 370,000 manat compared to 331,800 manat in January-March last year, the fishery - 39,300 manat compared to 39,800 manat, hunting - 1,500 manat compared to 600 manat.

Average price indexes and basic food commodities
in January-March 2011

Products

March 2009 ( kg , manat .)

March 2010 ( kg , manat .)

March 2011 compared to February 2011

January-March 2011 compared to January-March 2011

Beef

5,50

6, 46

101,1

117,5

Mutton

6,49

7,15

101,4

110,3

Bird

3,63

3,59

98,5

99,0

Butter

5,49

6,14

100,7

111,7

Vegetable oil

1,76

2,11

100,9

119,9

Margarine

2,18

2,39

100,2

109,2

Milk

0,91

1,02

99,7

112,1

Kefir

1,33

1,55

100,2

116,3

Sheep cheese

4,07

4,49

100,4

110,2

Egg (10 units )

1,05

1,62

85,1

155,0

Granulated sugar

0,95

1,15

100,4

121,1

Sugar

1,15

1,40

100,7

121,7

Tea (500 gr )

3,93

4,07

100,6

103,5

Salt

0,47

0,50

100,5

106,7

Wheat flour

0,60

0,78

100,4

130,8

Bread

0,53

0,62

99,8

117,4

Rice

1,59

1,58

100,0

99,6

Semolina

1,35

1,58

100,5

117,0

Buckwheat

0,98

2,43

99,8

247,9

Macaroni

1,38

1,46

100,2

106,0

Vermicelli

1,35

1,44

100,2

106,7

Potatoes

0,70

0,91

103,6

129,4

Cabbage

0,44

0,89

109,4

203,6

Onion

0,92

1,01

106,9

109,8

Garlic

2,54

3,85

100,4

151,8

Beetroot

0,85

0,94

105,6

111,6

Carrot

0,91

1,16

116,3

126,9

Cucumber

1,60

1,93

105,7

120,1

Tomatoes

2,17

2,45

101,8

112,5

Greenery (1 bunch )

0,20

0,16

104,6

79,5

Apple

0,01

1,67

133,9

166,1

Grape

0,98

1,05

103,4

106,7

Pear

2,09

2,66

108,2

127,5

Pomegranate

2,49

3,15

113,3

126,8

Mandarin

1,66

2,01

107,8

121,1

Source: State Statistics Committee

Russian Gazprombank predicts Azerbaijan's economic recovery in 2021
Russian Gazprombank predicts Azerbaijan's economic recovery in 2021
Cotton growing in Azerbaijan hits record - agriculture ministry
Cotton growing in Azerbaijan hits record - agriculture ministry
Azerbaijan to export persimmons to Slovakia and Czech Republic
Azerbaijan to export persimmons to Slovakia and Czech Republic
Loading Bars
Latest
Russian Gazprombank predicts Azerbaijan's economic recovery in 2021
iPhone 12 Pro Max and iPhone 12 Mini now at Azercell Exclusive shops!
Iran becomes self-sufficient in building oil, gas platforms
Cotton growing in Azerbaijan hits record - agriculture ministry
Some Italian municipalities adopt documents expressing solidarity with Azerbaijani people
Uzbekistan to grow industrial cannabis in Sardoba district
Azerbaijan detects 3,705 new COVID-19 cases, 1,609 recoveries
Turkmen Ministry of Construction opens tender for equestrian sports complex construction
Azerbaijani, Saudi FMs exchange views on current situation in Karabakh
Uzbekistan reveals data on its ICT sphere enterprises and organizations
Azerbaijan to export persimmons to Slovakia and Czech Republic
Level of religious tolerance in Azerbaijan is much higher than in France - ISESCO ex-director
Kazakhstan's exports to Switzerland decrease year-on-year
Azerbaijani medical insurance agency signs contract with tender-winning IT company
Resolution adopted by French Senate must be canceled – Azerbaijani NGO head
Volume of Turkish textile clothing supplies to Kazakh market surges
Latvian AirBaltic cancels Riga-Tbilisi-Riga flights
Reconnaissance work completed within Baiterek space complex creation in Kazakhstan
Thermal power plant modernization, other projects underway in Kazakhstan's Karaganda
Georgia imposes further restrictions to curb spread of coronavirus
Georgian carrier to launch regular cargo flights from China to Europe
Russia's Rostelecom expects to develop transit routes through Turkmenistan
Average monthly salary in Azerbaijan's Nakhchivan rises
Azerbaijani, Afghan FMs discuss latest situation in region
WB, AIIB to fund rural infrastructure development in Uzbekistan
Azerbaijani, Indonesian FMs stress importance of trilateral ceasefire statement
Austria fully supports Uzbekistan obtaining of EU’s GSP beneficiary status
Turkmenistan's Dashoguz region opens tender for installation work
France not part of Karabakh settlement, but part of problem - Turkish defense minister
Japanese companies to provide technical support for terry production in Uzbekistan
Germany's hotspot district to launch COVID-19 mass tests for children
Yield of citrus fruits in Azerbaijan up
Capital of Kazakh companies operating in Turkey revealed
Iran boosts its pistachio exports
World Economic Forum announces Azerbaijan's road quality score
Share of assets in Azerbaijani banking sector declines
Kazakhstan eyeing amending legislation to support renewable energy dev't
Georgian Hualing Free Industrial Zone plans to finalize deal with 4 new companies
Mortgage lending in Azerbaijan through state line grows manifold
Kazakhstan to launch hundreds of industrial projects before year-end
Azerbaijani ICT company wins tender on purchase of licenses
Central Bank of Azerbaijan discloses data from foreign exchange auction
Employment in Iran's West Azerbaijan Province increases
Buta Airways to Increase the Frequency of Flights Performed to Izmir
Azerbaijan, Hungary discuss possibilities of attracting investors to liberated territories
Georgian Huliang FIZ offering available land plots to potential investors
Azerbaijani NBCO talks about its activities amid coronavirus
Azerbaijan’s carpet producer signs tender contract
Many members of French Senate unaware war in Karabakh ended (VIDEO)
Number of people infected with coronavirus pandemic in Iran exceeds 900,000
Baku Stock Exchange admits local investment company
Uzbekistan eyes to set up local production of various vaccines
France does not deserve Azerbaijan’s confidence – senator
Bahar Azadi gold coin price still falling in Iran
Bank mortgages in Azerbaijan rise
Full text of Azerbaijani parliament’s statement against French Senate’s resolution
Iran's economy remains strong and steady – Iran's president
Turkmenistan to be vital strategic partner, gas supplier to China long-term - Wood Mackenzie
EDB talks Kazakhstan's economy growth forecast, return to pre-COVID levels
Ambassadors of Turkey, Iran to Azerbaijan hold discusses on Karabakh
“I am quite sure that giving a hand to customers in this challenging time will pay off in the future”: interview with Dariusz Kacprzyk, Member of Supervisory Board of AccessBank Azerbaijan
Import of Turkish ready-made clothes by Iran down
Water resources of Azerbaijan’s Kalbajar district to be re-explored
Turkey's export of ready-made clothes to Uzbekistan down
Money supply in Azerbaijan grows - CBA
Lending to banking sector in Azerbaijan up
Turkmenistan raises 10M2020 imports of Turkish ready-made clothes
Uzbek gas chemical company opens tender for insurance services
Precious metal prices in Azerbaijan up
Azerbaijan’s natural gas exports to Turkey down by 8%
German manufactures interested in buying high-quality walnuts in Georgia
New carpet factory opens in Turkmenistan
German company builds float glass plant in Uzbekistan’s Zarafshan city
Iranian oil minister talks about petrochemical facilities launched in Iran
Azerbaijan can't be pressured by adopting some paper piece - parliament's vice speaker
Azerbaijani parliament voices appeal to government due to France
Azerbaijan to implement digitalization of services of local executive authorities
French Senate betrays democratic values - Turkish government
China's import of Turkish cement up
Azerbaijani parliament condemns resolution adopted by French Senate
AP highlights devastation caused by Armenia in Azerbaijan’s Aghdam
Azerbaijan's ADY Express boosts daily volume of cargo handling at Astara terminal
Turkish Foreign Ministry condemns French Senate’s resolution on Karabakh
French Senate's resolution is not binding, says ambassador
Azerbaijani Ministry of Communications developing final strategy of 'Smart City' project
Protesters give statement in front of French embassy in Baku (PHOTO/VIDEO)
Integration of modern solutions contributes to growth of online sales - MiMobile
Georgia eyes to minimize negative impact of global crisis on country's private sector
Int’l standard of energy management system to be introduced at Uzbekneftegaz facilities
LUKOIL to restore daily gas production in Uzbekistan
Turkmenistan building new greenhouses
Georgia reports 3,801 new cases of coronavirus
Azerbaijan's parliament to make statement on draft resolution adopted by French Senate
Israel changed plans to buy AstraZeneca vaccine
Azerbaijan to provide grants, loans, investments to startup environment
Minister talks benefit of pipeline from Russia to supply some Kazakh regions with gas
Uzbekistan to launch numerous petrochemical industry projects in 2021
Measures to attract investors to Uzbek mining, geological industry discussed at int’l forum
NCOC reports yet another milestone at Kazakhstan-based Kashagan field
Georgia looking for contractor for terminal extension at Kutaisi International Airport
All news