Prices and situation in consumer market in Azerbaijan (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 22.002 billion AZN in 2014, which is 10 percent more than in 2013. Legal entities ensured 11.5 percent of trade turnover, individual entrepreneurs - 52.5 percent, fairs and markets - 35.8 percent.

According to the Azerbaijani State Statistics Committee, in 2014 the food trade (11.023 billion AZN) increased by 3.9 percent from year to year, while retail sales of non-food products (8.692 billion AZN) - by 16.2 percent. Over this period, every citizen of the country acquired consumer goods at 194.7 AZN per month, which is 18.5 AZN more than in 2013.

During the reporting period, the retail sale volume of non-food items increased by 4.15 times more than the food trade in 2014. Though in December, their growth rate was 22 percent compared to 6.8 percent for food, non-food items did not become the retail sale leader as of 2014 as a year earlier.

Paid services worth 7.016 billion AZN were rendered to the population in 2014 or 7.2 percent more compared to 2013. Legal entities ensured 59.2 percent of this growth and rendered the services worth 5.2 billion AZN.

Each citizen bought paid services worth 62.1 AZN per month in 2014 or 3.6 AZN more than in 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 December 2014, the prices on consumer goods and tariffs on services increased by 0.5 percent compared to the previous month and by 1.4 percent in January-December compared to the same period of 2013.

Thus, inflation in Azerbaijan, which is one of the indices of macroeconomic stability, hit only 1.4 percent.

The lowest inflation for the past 10 years was observed in 2014. This is about five percent less than inflation in the countries-major trading partners. It brings the famous competitive international trade advantages to the economy of Azerbaijan.

The food prices increased by 1.1 percent, non-food items and tariffs for services remained unchanged in Azerbaijan in December compared to the previous month.

The food prices increased by 1 percent, non-food items - by 3.2 percent, tariffs for services - by 0.3 percent in 2014 compared to 2013.

In December, 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 1.6 percent in 2014 compared to 2013.

According to the State Statistics Committee, food prices in Azerbaijan are moving in different directions. The price on chicken, beef, lamb, cabbage, onions, beets, carrots, greens, apples and pomegranates reduced in December.

The prices on buckwheat, butter, margarine, granulated sugar, milk, eggs, tea, salt, flour, bread, rice, semolina, garlic, potatoes, cucumbers, tomatoes, greens, plums, grapes and pears increased.

The industrial producer price index reduced by 19.6 percent in Azerbaijan in December 2014 compared to November. During this period, producer prices in the mining industry decreased by 22.3 percent, while in the manufacturing industry - by 2.1 percent.

The tariffs for cargo and passenger transportation in Azerbaijan's transport sector increased by 0.1 percent and 2.6 percent respectively in December 2014 compared to November.

The tariffs for passenger transportation by air to the CIS countries increased by 15.5 percent, while by 8.2 percent to other foreign countries during this period.

The tariffs for oil transportation via pipelines increased 0.2 percent in December.

Moreover, the tariffs for passenger transportation by railway to the CIS countries increased 8.7 percent in December.

The tariffs for freight and passenger transportation by vehicles and ships remained unchanged in November.

The production prices on agricultural products in Azerbaijan increased by 1.5 percent in Azerbaijan in December, compared to November 2014.

The prices on annuals and perennials increased by 1.5 percent and 4.9 percent, respectively in December.

The production prices on animal products increased by 0.8 percent in December, compared to November 2014.

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

Goods

Dec. 2014 (kg, AZN)

Dec. 2013 (kg, AZN)

Dec. 2014 compared to Nov. 2014

Dec. 2014 compared to Dec. 2013

Beef

7,53

7,70

99,1

97,8

Mutton

9,37

9,29

99,7

100,9

Poultry

3,17

3,40

100,0

93,2

Butter

6,86

6,64

100,1

103,3

Vegetable oil

2,24

2,25

99,9

99,6

Margarine

2,48

2,49

100,2

99,6

Milk

0,90

0,88

101,1

102,3

Kefir

1,54

1,57

100,3

98,1

Sheep cheese

5,00

4,99

100,3

100,2

Eggs (10 pieces)

1,21

1,35

110,0

89,6

Granulated sugar

0,98

0,99

100,0

99,0

Sugar

1,40

1,44

100,1

97,2

Tea (500 gr)

4,64

4,42

100,1

105,0

Salt

0,53

0,50

100,2

106,0

Wheat flour

0,79

0,77

100,2

102,6

Bread

0,60

0,60

100,0

100,0

Rice

1,75

1,59

100,5

110,1

Manna-croup

1,72

1,69

100,3

101,8

Buckwheat

1,63

1,64

105,0

99,4

Pasta

1,47

1,50

100,0

98,0

vermicelli

1,45

1,46

100,1

99,3

Potato

0,83

0,89

108,4

93,3

Cabbage

0,70

0,44

98,1

159,1

Onion

0,47

0,63

103,9

74,6

Garlic

2,33

1,84

106,5

126,6

Beet

0,90

0,84

100,3

107,1

Carrot

1,02

0,93

101,7

109,7

Cucumber

1,34

1,49

102,5

89,9

Tomato

1,89

1,80

102,1

105,0

greens (1 bunch)

0,17

0,19

96,8

89,5

Apple

0,81

0,78

100,6

103,8

Pear

1,84

1,77

113,0

104,0

Pomegranate

1,31

1,42

125,3

92,3

Grape

2,06

1,76

111,1

117,0

Banana

2,46

2,46

99,9

100,0

Source: Azerbaijani State Statistics Committee

Iran, EUAE trade value hits $3.419B since signing PTA: TPOI
Iran, EUAE trade value hits $3.419B since signing PTA: TPOI
Iranian Offshore Oil Company boosts extraction
Iranian Offshore Oil Company boosts extraction
Bahar Azadi gold coin price again rising in Iran
Bahar Azadi gold coin price again rising in Iran
Loading Bars
Latest
Brazil clears emergency use of Sinovac, AstraZeneca vaccines, shots begin
Azerbaijan discloses volume of methanol exported in 2020
Portugal's health system on brink of collapse as COVID-19 cases surge
Iran, EUAE trade value hits $3.419B since signing PTA: TPOI
Turkey's daily COVID-19 case count drops below 7,000
Iranian Offshore Oil Company boosts extraction
EBRD and Bank CenterCredit support Kazakhstan packaging producer
Israel economy likely to grow 4.6% in 2021, says finance ministry
Russia reports over 23,500 daily coronavirus cases
Quake death toll at 78 as Indonesia struggles with string of disasters
Kazakhstan twofold decreases exports to Poland
Thousands protest in Amsterdam against Dutch coronavirus lockdown
Residents of nursing homes next in Turkey’s COVID-19 vaccination drive
Bahar Azadi gold coin price again rising in Iran
Call for prayer sounded at Omar pass in direction of Murovdag (VİDEO)
Delegation of Turkic Council, TURKSOY, Turkic Culture and Heritage Foundation arrives in Fizuli (PHOTO)
Weekly review of events in Azerbaijani financial market
New flight from Bishkek to Kuwait to be open in February
Oman to close land borders as COVID-19 infections hit 131,790
Chabahar receives first port equipment worth $8.5m from India
Georgian FM to visit Spain
Gas purification unit being modernized at department of Uzbekneftegaz
India's COVID-19 vaccination drive hits bump due to app glitch
Coal concentrate production of two large Iranian companies increases
German minister says COVID curbs should be eased for vaccinated people
Rajnath Singh meets Nepal’s Foreign Minister Pradeep Kumar Gyawali
Six Indians in top-10 of BWF world junior rankings
Bhutan PM congratulates Modi on 'landmark' Covid vaccination drive
Turkic peoples to revive liberated Azerbaijani lands in spiritual and cultural field - TURKSOY Sec-Gen
Azerbaijan discloses main principles of vaccination against COVID-19
Joint exercises of the Azerbaijani and Turkish armies to be held (PHOTO/VİDEO)
Azerbaijan confirms 845 more COVID-19 recoveries
Kazakhstan's Baikonur extends quarantine until Feb 1
Call for prayer sounded for first time at cemetery in Azerbaijan’s Kalbajar district previously occupied by Armenia (VIDEO)
Iran reveals COVID-19 data for January 17
Quake death toll at 73 as Indonesia struggles with string of disasters
We are happy with Azerbaijan’s return of its ancestral lands - Turkic Culture and Heritage Foundation (PHOTO)
Azerbaijan sends interstate statement against Armenia to European Court of Human Rights
Georgia reports 780 coronavirus cases, 1 608 recoveries, 17 deaths
COVID-19 cases continue to drop in Turkey, TRNC braces for new lockdown
Azerbaijan approves COVID-19 vaccination strategy for 2021-2022
Delegation of Turkic Council, Turkic Culture and Heritage Foundation and TURKSOY visit Aghdam (PHOTO)
Electricity supplies to Azerbaijan's liberated Shusha begin
Iran discloses number of contracts signed in industrial parks of Ardabil Province
Uzbekistan’s activity on Turkmenistan’s Commodity, Raw Materials Exchange for Dec. 2020
Guatemala cracks down on migrant caravan bound for United States
Iran has means to restore oil extraction
U.S. Diplomatic Mission in Kazakhstan launches ’30 Years Together’ campaign
Brazilian healthcare watchdog declines request for emergency use of Sputnik V vaccine
SOCAR bonds will again bring their owners $1.25 million
Turkey's investments in natural gas supply reach $3B in 18 years
EU would like new EPCA to enhance bilateral relations in Central Asia
Georgia to get first part of Covid vaccine in one month
AEOI issues statement in response to E3
Kazakhstan reports almost 1,000 new COVID-19 cases
U.S. state capitals, Washington on alert for possible pro-Trump armed protests
Argentina confirms first case of new variant of coronavirus
Frankfurt airport terminal shut down over man threatening police
Azerbaijani districts to be digitalized within Smart City project
G7 summit to take place in UK’s Cornwall in June
Volume of essential products available in Iranian ports revealed
France's COVID-19 death toll tops 70,000
Fires in central Chile consume over 3,200 hectares
2 IS militants killed, 6 arrested in Iraq
Iran's Bahar Azadi gold coin price continues to fall
Iranian Energy Exchange announces products to be on sale on January 18
President Ilham Aliyev calls President Recep Tayyip Erdogan
WHO reports over 688,000 new daily cases of COVID-19
Tunisian PM appoints new ministers in sweeping cabinet reshuffle
Azerbaijani gymnasts awarded the title of "Honorary Master of Sports"
Thousands march in Vienna against coronavirus restrictions
Uzbekistan's Bukhara oil refinery starts production of RON-95 gasoline under QuWatt brand
Iran's SPGC reveals processing data of its first refinery
Kazakhstan, Greece boost trade turnover year-on-year
Building materials price hikes may increase cost of projects in Georgia
Serbia receives 1 mln Sinopharm vaccines from China
Iran's Rasht-Caspian railway to stimulate development of production
Over 110,000 health workers receive COVID-19 vaccine shots in Istanbul
7 killed in helicopter crash in southern Philippines
New footage from Azerbaijani Aghdam district's Shelli village issued (PHOTO/VIDEO)
Azerbaijan confirms 650 more COVID-19 recoveries
Buy/sell operations at Iran Mercantile Exchange soar
Georgian plans to vaccinate 60% of its population
Turkmenistan's MFA holds briefing dedicated to commissioning of infrastructure facilities (PHOTO)
Kazakhstan reports big increase in revenues from transporting cargo by air
Preliminary cost of building pharmaceutical cluster in Tashkent revealed
Iran reveals COVID-19 data for January 16
Member of Turkey's coronavirus board assures efficacy of CoronaVac
Azerbaijan shares footage from Mirzajamally village of Fuzuli district (PHOTO/VIDEO)
Summary of Operational Headquarters' amendments to quarantine regime in Azerbaijan
Azercell’s Mobile Eye and Mobile Dental Clinics provided free medical service to the hundreds of residents in 2020! (PHOTO)
Nepal approves emergency use of Covishield vaccine manufactured in India
COVID-19 infection rate falling in Azerbaijan - TABIB
Georgia reveals number of COVID-19 cases for Jan.16
Iran's trade turnover with Turkmenistan decreases
Japan interested in creation JVs in Uzbekistan in production and services spheres
Details of agricultural products exported to Iraq via Iran's Mehran customs announced
Turkmenistan's Main State Service opens tender for equipment purchase
Participation in funeral to be permitted via Azerbaijani Interior Ministry's Call Center
Toughened quarantine in Azerbaijan turned out to be effective - President's assistant
All news