Prices and situation in consumer market in Azerbaijan (January-October 2016)
According to the State Statistics Committee, as of January-October 2016, the Azerbaijani consumer market amounted to 30.9 billion manat, which is 1.7 percent more than its turnover for the same period of 2015. The monthly consumer expenses are estimated at 321 manat per capita in January-October 2016 or by 37.2 manat more compared to January-October 2015.
The retail trade turnover amounted to 23.9 billion manat in January-October 2016, which is 2.1 percent more than in January-October 2015.
Legal entities ensured 11 percent of the trade turnover.
Some 247.9 manat account for the people’s shopping monthly, which is 33.7 manat more than in January-October 2015.
The actual cost of the food and tobacco products and beverages increased by 3 percent, non-food items - by 0.8 percent in the reporting period.
The commodity market is mainly developing in the country due to the inflationary factors.
The consumers spent a half (49.8 percent) of funds to purchase food, tobacco products and beverages, 17.8 percent - clothing and footwear, 6.6 percent - electrical appliances and furniture, 5.7 percent - motor fuel, 1.4 percent - pharmaceuticals and medical products, 0.8 percent - computers, telecommunication devices and printers, 17.9 percent – other non-food items.
The peak sales of food accounted for October (1,377.9 million manat), while industrial goods for June (1,494 million manat) in 2016.
Paid services worth 6.1 billion manat were rendered to the population in January-October 2016 or 0.3 percent more compared to January-October 2015. Legal entities ensured 73.3 percent of this growth and rendered the services worth 4,474.9 million manat.
Every citizen of the country acquired paid goods worth 634.1 manat per month in January-October 2016, which is 27 manat more than in January-October 2015. Transportation, public utilities and communication services prevail in the structure of paid services.
According to the State Statistics Committee, the prices on consumer goods and tariffs for services increased by 11.6 percent in January-October 2016 compared to the same period of 2015.
The food prices increased by 13.4 percent, non-food items – 16.3 percent and paid services – 5.4 percent in January-October 2016.
Such a high rate of inflation in the country was the result of the impact of national currency devaluation.
The prices on consumer goods and tariffs for services increased by 1.3 percent in Azerbaijan in October 2016 compared to September 2016.
The food prices increased by 2.3 percent, non-food items - by 1.1 percent, paid services – 0.2 percent in Azerbaijan in October 2016 compared to September 2016.
The prices on rice, flour, macaroni, buckwheat, barley, oats, beef, mutton and chicken, dairy products, fish products, sausages, eggs, butter and vegetable oil, sugar, granulated sugar, chocolate, sweets, coffee, tea and cocoa, pears, grapes, greens, tomatoes, cucumbers, carrots, potatoes, beets and garlic increased in Azerbaijan for the month.
The prices on apples, lemons, tangerines, quince, pomegranates, persimmons, cabbages, pumpkins and onions decreased.
The prices on other food products were not greatly changed.
The prices on fabrics, clothes and shoes, building materials, furniture, household items, rugs and other floor coverings, textiles, jewelry, glass products, dishes and cutlery, household appliances, telephones and cameras, stationery products, as well as spare parts for cars increased in October.
Other non-food items were not greatly changed.
The base index of consumer prices, calculated except for the goods and services subject to seasonal changes (fruits and vegetables) increased by 12.8 percent in January-October 2016 compared to January-October 2015.
The industrial producer price index increased by 4.5 percent in Azerbaijan in October 2016 compared to October 2015. A 19.7 percent growth was observed in January-October 2016 compared to January-October 2015.
During this period, producer prices in the mining industry increased by 5.1 percent, while by 2.7 percent in the manufacturing industry for the month.