Prices and situation in consumer market in Azerbaijan (January-October 2014)

The Azerbaijani consumer market continues developing rapidly (9-10 percent) in 2014. The retail trade facilities, catering trade points are developing in the country both qualitatively and quantitatively.

According to the State Statistics Committee, the Azerbaijani trading networks sold consumer goods to the population at 17.471 billion AZN in January-October 2014, which is 9.6 percent more than in the same period of 2013. Legal entities ensured 11.6 percent of trade turnover, individual entrepreneurs - 51.6 percent, fairs and markets - 36.6 percent.

During the reporting period, the volumes of retail sales of non-food products increased by 4.8 times more than the food trade. As a result, as of 10 months of the year, the retail sale of non-food products exceeds the food trade in Azerbaijan.

According to the Azerbaijani State Statistics Committee, in January-October the food trade (8.728 billion AZN) increased by 3.3 percent from year to year, while retail sales of non-food products (8.742 billion AZN) - by 16.1 percent. Over this period, every citizen of the country acquired consumer goods at 185.7 AZN per month, which is 17.4 AZN more than in January-October 2013.

Paid services worth 5.402 billion AZN were rendered to the population in January-October 2014 or 6.6 percent more compared to the same period of 2013. Legal entities ensured 61 percent of this growth and rendered the services worth 4 billion AZN.

Each citizen bought paid services worth 57.4 AZN per month in January-October 2014 or 3 AZN more than in the same period of 2013. Transportation, public utilities and communication services prevail in the structure of paid services. Besides improving the material condition, great using of paid services by the population is associated with the fact that the structure of rendered paid services is being improved. A network of companies is being developed in this sector.

Prices

According to the State Statistics Committee, in October 2014, the prices on consumer goods and tariffs on services increased by 0.3 percent compared to the previous month and by 1.6 percent in January-October compared to the ten months of 2013.

Thus, inflation in Azerbaijan, which is one of the indices of macroeconomic stability, hit only 1.6 percent.

The prices for food increased by 0.6 percent, non-food goods and tariffs for services remained unchanged in Azerbaijan in October compared to the previous month.

The food prices increased by 1.1 percent, non-food products - by 3.6 percent, tariffs for services - by 0.4 percent in the reporting period of the year compared to January-October 2013.

In October, the base index of consumer prices, calculated except for the goods and services subject to seasonal changes (fruits and vegetables) and the prices of which are regulated by the state, remained unchanged compared to the previous month and increased by 1.8 percent for ten months compared to January-October 2013.

The food prices vary in Azerbaijan.

The prices on buckwheat, chicken, beef, vegetable oil, sugar, pasta, potatoes, cabbages, beets, carrots, apples and pears declined.

The prices on butter, milk, eggs, tea, salt, flour, bread, rice, semolina, garlics, onions, cucumbers, tomatoes, greens, plums, grapes and bananas increased.

The tariffs for air and rail passenger transportation reduced in October.

The industrial producer price index reduced by 8.9 percent in Azerbaijan in October 2014 compared to September. During this period, producer prices in the mining industry decreased by 10 percent, while in the manufacturing industry - by 1.7 percent.

Average market price and indices of basic food commodities in January-October 2014

Goods

October 2014 (kg, AZN)

October 2013 (kg, AZN)

October 2014 compared to September 2014

October 2014 compared to October 2013

Beef

7,62

7,63

99,7

99,9

Mutton

9,35

9,15

100,0

102,2

Poultry

3,19

3,40

99,9

93,8

Butter

6,84

6,39

100,1

107,0

Vegetable oil

2,24

2,23

99,8

100,4

Margarine

2,46

2,48

100,0

99,2

Milk

0,88

0,84

101,7

104,8

Kefir

1,52

1,55

100,3

98,1

Sheep cheese

4,99

4,85

100,1

102,9

Eggs (10 pieces)

1,00

1,20

103,8

83,3

Granulated sugar

0,98

0,98

100,0

100,0

Sugar

1,40

1,42

99,8

98,6

Tea (500 gr)

4,62

4,37

100,3

105,7

Salt

0,53

0,50

100,2

106,0

Wheat flour

0,80

0,75

100,1

106,7

Bread

0,60

0,60

100,1

100,0

Rice

1,73

1,55

100,2

111,6

Manna-croup

1,72

1,69

100,3

101,8

Buckwheat

1,54

1,61

99,9

95,7

Pasta

1,48

1,48

100,0

100,0

vermicelli

1,46

1,45

99,9

100,7

Potato

0,76

0,63

99,5

120,6

Cabbage

0,78

0,44

92,8

177,3

Onion

0,45

0,45

105,8

100,0

Garlic

2,03

1,76

113,2

115,3

Beet

0,92

0,86

97,2

107,0

Carrot

1,02

1,01

96,7

101,0

Cucumber

0,88

0,75

103,1

117,3

Tomato

1,36

1,40

106,5

97,1

greens (1 bunch)

0,20

0,19

100,7

105,3

Apple

0,86

0,78

87,8

110,3

Pear

1,58

1,36

98,4

116,2

Plums

0,92

0,75

105,9

122,7

Grape

1,61

1,18

118,0

136,4

Banana

2,46

2,45

100,8

100,4

Source: Azerbaijani State Statistics Committee

Likelihood of interest rate decrease in Azerbaijan seems very low – Unicapital
Likelihood of interest rate decrease in Azerbaijan seems very low – Unicapital
MasterCard intends to work with Turkmenistan to improve level of electronic payments
MasterCard intends to work with Turkmenistan to improve level of electronic payments
WB plans to issue loan to finance another road project in Azerbaijan
WB plans to issue loan to finance another road project in Azerbaijan
Loading Bars
Latest
Investments in mining sector of Iran's Zanjan Province increase
Iran to restore several mines in Qom Province
Perpetuation of fascist ideology by Armenia - catastrophic for whole world - Israeli expert
Iran shares data on exports from Semnan Province
Iran discloses number of cars supplied with dual fuel free of charge
Likelihood of interest rate decrease in Azerbaijan seems very low – Unicapital
Foundation of apartments to be laid in Iran's Yazd Province
Eleven people killed in bombing of bus in Southern Afghanistan - officials
Fauci says U.S. COVID-19 death toll undercounted
Heydar Aliyev is a man who gave wings to Azerbaijan in most difficult conditions - Yuli Gusman
Vaccination of citizens over 18 starts in Azerbaijan
Poll shows 60% of Japanese want Games cancelled
Ministry discloses number of ships received by big port in southern Turkey in 1Q2021
Brazil reports 1,024 more deaths from COVID-19
UN Security Council to discuss East Jerusalem tensions on Monday
Gaza militants fire 2 rockets at southern Israel: military
Saudi Arabia to hold Hajj ritual under COVID-19 measures
Hamilton overtakes Verstappen to win F1 Spanish GP
UK records another 1,770 coronavirus cases, 2 deaths
EU has not ordered AstraZeneca vaccines beyond June - Commissioner
Russian FM to visit Azerbaijan
Emirates to fly medical aid to India for free
WHO records over 786,000 new daily cases of COVID-19 worldwide
Azerbaijan marks 98th birthday anniversary of National Leader Heydar Aliyev
Kazakhstan becomes main importer of Uzbek cars
Iran, India discuss expansion of trade relations
Turkey's COVID-19 cases maintain downward trend amid lockdown
Georgian NCDC Deputy Head hopes for better epidsituation in summer if cases do not surge in May
Enmity with Turks is catastrophe not only for Armenia, but for entire region - Pashinyan
Lukashenko, Putin agree to meet soon
President Ilham Aliyev makes Facebook post on 98th anniversary of national leader Heydar Aliyev (PHOTO)
Egypt to start producing Chinese Sinovac coronavirus vaccine in June: Health minister
South Sudan president dissolves parliament in line with peace deal
Israeli gov't approves aid plan for leading airlines
Belarus president signs decree on transition of powers in case of emergency
Progress achieved under Azerbaijan’s national leader Heydar Aliyev paved way for liberation of occupied lands in 2020 – Sobhani
Sunflower imports down in Georgia
Kyrgyz FM to visit China
Expert consultations continue in Vienna between Iran
New COVID-19 cases in Turkey lowest since March
Israeli gov't approves aid plan for leading airlines
Iran's Energy Exchange announces products to be on sale on May 10
Turkey discloses number of ships received by Zonguldak port in 1Q2021
National Gymnastics Arena in Baku has best conditions - Сoach of Egyptian team
Emotions after competition are positive - bronze medalists of World Cup in Baku, Azerbaijani team
Azerbaijan Army holds several events on occasion of 76th anniversary of Victory (PHOTO)
Uzbekistan increases export of textile products
Georgian President to visit North Macedonia on May 10
MasterCard intends to work with Turkmenistan to improve level of electronic payments
Gazelli Group congratulates Second World War veterans in its own unique way (PHOTO)
Azerbaijan shares data on number of vaccinated citizens for May 9
Azerbaijan reports 660 new COVID-19 cases, 1,539 recoveries
Azerbaijani ombudsman appeals to international organizations
Bulgarian team takes first place at World Cup in Baku in group exercises with three hoops and two pairs of clubs
Discussions underway to resume Tabriz-Baku flights - Iranian official
Awarding ceremony held within Rhythmic Gymnastics World Cup in Baku (PHOTO)
Iran reveals COVID-19 data for May 9
Turkey discloses volume of cargo transshipped through Aliaga port
Bulgarian gymnast grabs gold in exercise with ribbon at Rhythmic Gymnastics World Cup in Baku
76th anniversary of Victory in Great Patriotic War celebrated in Shusha (PHOTO)
Israeli gymnast grabs gold in exercise with clubs at Rhythmic Gymnastics World Cup in Baku
Leadership of Azerbaijani MoD paid tribute to memory of compatriots, who died in Great Patriotic War (PHOTO)
Baku holds award ceremony of winners and prize-winners of Rhythmic Gymnastics World Cup at National Gymnastics Arena (PHOTO)
Italian gymnast grabs gold in exercise with ball at Rhythmic Gymnastics World Cup in Baku
Israeli gymnast grabs gold in exercise with hoop at Rhythmic Gymnastics World Cup in Baku
Azerbaijani team grabs bronze in exercise with 5 balls at Rhythmic Gymnastics World Cup in Baku
Final day of Rhythmic Gymnastics World Cup starts in Baku - Azerbaijani graces competing for medals (PHOTO)
Industrial enterprises to be put into operation in Iran’s Tehran Province
Azerbaijani Economy Ministry announces winner of tender on assessment of feasibility study
Turkey discloses number of ships received by Bandirma port from Jan. through March 2021
Azerbaijani president, first lady pay tribute to Azerbaijanis who made unparalleled contribution to victory over fascism (PHOTO/VİDEO)
EU and India agree to resume trade talks at virtual summit
Azerbaijan strongly condemns attempts to distort truth about WW2, justify fascism - MFA
First Vice-President Mehriban Aliyeva makes Instagram post on Victory Day over fascism (PHOTO)
India's COVID-19 tally surpasses 22 mln with over 400,000 new cases
China’s Long March-5B carrier rocket’s last stage enters atmosphere
Brazil sees 2,202 more COVID-19 deaths
Red Cross to hand over Georgia 100 thousand Sinopharm vaccine shots
Russia's 2M2021 import of Turkish cars grows in value
Turkey reports 18,052 new COVID-19 cases, 5,016,141 in total
“Covo-Pasteur”, “Barakat” vaccine to hit market soon: Rouhani
Daily COVID-19 case count at 2,350 in Kazakhstan
China reports 12 new COVID-19 cases vs seven a day earlier
Chile reports third consecutive day of over 6,000 daily COVID-19 cases
UN remembers the dead of WWII
2 people, including child, shot in NYC Times Square
Attack on Syrian government forces repelled in Idlib, at least ten militants killed
WHO records over 817,000 new daily cases of COVID-19 worldwide
Iraq decides to quarantine evacuees from India for 14 days as total cases hit 1,108,558
UK records another 2,047 coronavirus cases, 5 deaths
Azerbaijan marks Day of Victory in Great Patriotic War
Iranian trucks do not transport goods to Karabakh - Iranian embassy
NCDC: Georgia to receive extra half a million Sinopharm vaccine doses in June
Iran may extend cooperation on inspections with IAEA
Consumers must protect IoT devices - Fortinet
Azerbaijan’s Baku city has beautiful National Gymnastics Arena – Russian gymnast
Baku holds awarding ceremony of Rhythmic Gymnastics World Cup (PHOTO)
Azerbaijani team reaches finals in group exercises as part of Rhythmic Gymnastics World Cup (PHOTO)
WB plans to issue loan to finance another road project in Azerbaijan
Any attempt to glorify fascism is disgusting - Russian expert
All news