Prices and situation in consumer market in Azerbaijan ( january-september 2011)

In January-September 2011, a rise of the retail goods turnover and paid services offered to population increased by 9.6 percent compared to January-September 2010 and amounted to 15.3 billion manat. In particular, 75.4 percent accounted for retail sales, 19.7 percent - paid services.

In January-September 2011, the trading networks of Azerbaijan sold population consumer goods at 11.6 billion manat, which is 10.3% more than January-September 2010. Legal entities provided 12.9% of turnover, fairs and markets - 42.6%, individual entrepreneurs - 43.8%.

In January-September 2011, the paid service rendered to population amounted to 3.681.8 billion manat, which is 7.4 percent more as compared to January-September 2010. Individual entrepreneurs provided 73.0 percent of services, legal entities - 26.9 percent with growth of 10.2 percent and 2.7 percent respectively.

During the reported period, every citizen of the country acquired consumer goods and paid services at 187.5 manat that is 16.9 percent higher than January-September 2010., indicating that the purchasing capacity of citizens has increased.

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 September 2011, the prices for consumer goods and tariffs for services increased by 1.1 percent compared to the previous month, and compared to January-September 2010 grew by 8.4 percent (data from the State Statistics Committee).

Food prices increased by 11.4 percent, nonfood items - by 2.8 percent, and tariffs for services - by 4.5 percent compared to January-September 2010.

Food prices increased by 1.9 percent, nonfood items - by 0.4 percent, and tariffs for services - by 0.1 percent in September.

In September 2011, the base index of the consumer prices, calculated excluding goods and services, incurring seasonal changes (fruits and vegetable) and being regulated by the Government increased by 0.7 percent as compared to the previous month and by 5.9% to January-September 2010.

Compared with the previous month, in September 2011, the index of industrial producer prices rose by 2.1 percent, compared to the same period of 2010, prices rose by 26.3 percent. Prices rose by 2.6 percent in the oil and gas production in September compared to the previous month, but rose by 30.9 percent compared to the same period of 2010.

In the processing of chemical products, prices dropped by 1.7 percent during the month, but rose by 21.7 percent per annum. In September 2011, the prices in metallurgy kept unchanged compared to the previous month, but increased by 9.4 percent during the year. In September, prices for electricity, gas and water remained unchanged as compared to the previous month and the figure of September 2010.

In September, the index of producer prices in manufacturing industry remained unchanged. Prices fell in manufacture of machinery and equipment by 0.1 percent, production of food - 2 percent, clothing - 1.8 percent, installation and repair of machinery and equipment - by 2.4 percent.

Average market price and indices of basic food commodities
in January-September 2011

Source: The Azerbaijani State Statistics Committee