Consumer market

In September 2006 a rise of the retail goods turnover got restored amid continuing rise of the community services and was 19.4%. In January to September the amount of retail goods turnover comprised 4118.8mln manats, or 12.6% up as compared to last year. The commercial services delivered to population comprised 977.4mln manats, or 40.1% up as compared to last year.

Non-momentary factors made a considerable impact on inflation (66.9%). The share of administratively regulated prices made up in this period was 24.3%, which is linked with a rise in diesel prices (2 times), kerosene -1.3 times, sugar (34.3%). The impact of seasonal factors was on the level of -30.4%, which cased 4.5%-falls in prices in summer season. It cut 8-month inflation by 30.4%, whereas in winter season the prices dropped 1.5%, and caused 10.2% rise in 6-month inflation.

Non-momentary factors made a considerable impact on inflation (60.9%). The share of administratively regulated prices made up in this period was 20.6%, which is linked with a rise in diesel prices (2 times), kerosene -1.3 times, sugar (34.6%). The impact of seasonal factors was on the level of -22.3%, which cased 3.6%-falls in prices in summer season. Under influence of winter season the prices rose 2.5%, and caused 15.5% rise.


Over the first 9 months inflation ratio rose inconsiderably 7.3% against 11% last year.

Consumer price rose 10.3% as compared to 2006.

Inconsiderable rise in growth pace of inflation was caused by rise of growth pace of prices on all major category of goods and services. In August non-foodstuff prices grew 8.9%. Rise in prices for non-food goods was inconsiderable than the rise of prices of foods products. Rise in prices was 10.3% as compared to January to September 2005

Rise in the prices of non-food products was inconsiderable than the prices of food products. Thus, in August the prices of non-food goods rose 3.1%. Rise in prices in the period from January to September was 3.8% as compared to last year.

As compared to August 2006 in September index of industrial goods product rose 0.5%. Rise over 9 months made up 18.1% as compared to last year and 16.7% as compared to August 2005. In this period prices in oil and gas products rose 14.2% and in September 11.3%.

Wholesale prices in oil refinery grew 23.9%, and 26.9 in September as compared to 2005. In refinery of chemical products drop was 0.4%, while in September it rose 10.8%. Rise in metallurgy made up 10.4% and 11.7% respectively. In energy sector the prices remained unchanged and comprised 99.9%.

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