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Prices and situation in consumer market in Azerbaijan (January 2015)

Analysis Materials 12 March 2015 17:37 (UTC +04:00)

According to the State Statistics Committee, the Azerbaijani trading networks sold consumer goods to the population at 1.821 billion AZN in January 2015, which is 9.4 percent more than in the same period of 2014. Legal entities ensured 12.4 percent of trade turnover, individual entrepreneurs - 52.5 percent, fairs and markets - 34.9 percent.

In January 2015 the food trade (913.8 million AZN) increased by 1.9 percent from year to year, while retail sales of non-food items (907 million AZN) - by 18.2 percent. Over this period, every citizen of the country acquired consumer goods at 192.1 AZN per month, which is 14.1 AZN more than in January 2014.

During the reporting period, the volumes of retail sales of non-food items decreased by 0.75 percent compared to the food trade in January.

Paid services worth 615.5 million AZN were rendered to the population in January 2015 or 5.5 percent more compared to January 2014. Legal entities ensured 65.8 percent of this growth and rendered the services worth 460.9 million AZN.

Each citizen bought paid services worth 64.9 AZN per month in January 2015 or 3.1 AZN more than in January 2014. 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 January 2015, the prices on consumer goods and tariffs on services increased by 0.2 percent compared to the previous month and by 0.2 percent in January 2015 compared to January 2014.

Thus, inflation in Azerbaijan, which is one of the indices of macroeconomic stability, hit only 0.2 percent.

The food prices increased by 0.4 percent, non-food items and tariffs for services remained unchanged in Azerbaijan in January 2015 compared to the previous month.

The food prices decreased by 0.4 percent, non-food items increased by 0.2 percent, tariffs for services - by 0.8 percent in 2014 compared to January 2014.

In January, 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 0.6 percent in January 2015 compared to January 2014.

The industrial producer price index reduced by 20.9 percent in Azerbaijan in January 2015 compared to December 2014. During this period, producer prices in the mining industry decreased by 24 percent, while in the manufacturing industry - by 5.3 percent.

The producer prices in the extraction of stone, sand, salt, gravel remained at the same level in January. The producer prices in metal ore extraction were 1.4 percent in January, while in oil and gas production the prices reduced by 24.1 percent.

The producer prices in the petroleum production reduced by 8.8 percent in January. The producer prices in wood processing and production of wood products increased by 0.1 percent, food production reduced by 3.9 percent, metallurgical industry increased by 1.5 percent, the production of rubber and plastic products reduced by 0.9 percent, construction materials - by 0.3 percent, the chemical industry - by 9.4 percent.

For a specified period, the production prices in spinning production increased by three percent, while in the clothing manufacturing, they decreased by 0.1 percent. Within a month, no changes were fixed in the prices on production, distribution and supply of electricity, gas and steam, water supply and waste treatment.

The production prices on agricultural products in Azerbaijan in January 2015 increased by one percent compared to December 2014. The producer prices for annual plants reduced by 2.1 percent in January, while perennial plants - by 10.1 percent, the report said. Among the annual crops the producer prices on cucumbers increased by 10.4 percent, tomatoes - 1.1 percent, bean seeds - 0.2 percent, cabbage - 0.4 percent, hay - 1.9 percent, clover - 2.9 percent, pea seeds - 0.7 percent, potatoes - 0.7 percent for the period. The production wheat prices reduced by 0.3 percent in January.

Among the perennial crops the production prices on persimmons increased by 10.1 percent, pomegranates - 2.9 percent, lemons - one percent, tangerines - 9.3 percent, quinces - 6.9 percent, apples and oranges - 0.4 percent, hazelnuts and walnuts - 3.4 percent.

The production prices on lamb and poultry in live weight for the period decreased by 0.5 and 0.7 percent, sheep and goats - by 4.1 percent. The producer prices on eggs in January increased by 6.8 percent, while the wool of sheep and goats - by 4.5 percent.

Average market price and indices of basic food commodities in January 2015

Goods

Jan. 2015 (kg, AZN)

Jan. 2014 (kg, AZN)

Jan. 2015 compared to Dec. 2014

Jan. 2015 compared to Jan. 2014

Beef

7,31

7,71

98,6

94,8

Mutton

9,23

9,24

99,1

99,9

Poultry

3,16

3,33

99,8

94,9

Butter

6,90

6,73

100,0

102,5

Vegetable oil

2,22

2,26

100,0

98,2

Margarine

2,48

2,47

100,3

100,4

Milk

0,76

0,96

99,7

79,2

Kefir

1,53

1,54

100,0

99,4

Sheep cheese

4,98

4,91

100,2

101,4

Eggs (10 pieces)

1,23

1,44

99,8

85,4

Granulated sugar

0,97

0,97

100,0

100,0

Sugar

1,39

1,38

100,1

100,7

Tea (500 gr)

4,66

4,46

100,5

104,5

Salt

0,53

0,51

100,1

103,9

Wheat flour

0,78

0,78

100,1

100,0

Bread

0,61

0,60

100,0

101,7

Rice

1,76

1,68

100,1

104,8

Manna-croup

1,72

1,71

100,6

100,6

Buckwheat

1,71

1,58

103,2

108,2

Pasta

1,48

1,48

100,1

100,0

vermicelli

1,45

1,45

100,0

100,0

Potato

0,84

1,06

102,0

79,2

Cabbage

0,64

0,48

101,0

133,3

Onion

0,50

0,68

104,6

73,5

Garlic

2,45

2,01

101,5

121,9

Beet

0,89

0,83

98,3

107,2

Carrot

0,99

0,81

97,9

122,2

Cucumber

1,60

1,82

105,7

87,9

Tomato

2,04

2,04

102,7

100,0

greens (1 bunch)

0,18

0,21

99,8

85,7

Apple

0,83

0,78

100,8

106,4

Pear

1,87

2,07

105,1

90,3

Quince

1,17

1,13

109,7

103,5

Pomegranate

1,53

1,74

112,9

87,9

Banana

2,44

2,45

99,2

99,6

Source: Azerbaijani State Statistics Committee

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