Market situation. demand and prices

Consumer Market

In October rise in the retail goods turnover and services rendered to population was fixed n the level of 18.9%.

According the State Statistics Committee, in January to October 2006 the amount of retail goods turnover was equal to 4,624,5mln manats, or 12.7% more than 2005. The amount of commercial services rendered to population comprised 1,108,5mln manats, which is 40.9% up as compared to 10 months of 2005.

In accordance with the econometric model of the National Ban of Azerbaijan (NBA), in January to October 2006 the share of monetary factors in the formation of 7.6%-inftation was 45.1%. Major impact as made by money mass which demonstrated 92.6%-rise. Such rise falls on the period from January to August 2006. Rise in net efficiency rate on the non-oil sector was 0.2% from December 2005 to July 2006.

Considerable impact on inflation was made by non-monetary facrors (54.9%). The share of administratively regulated pirces made up 20.3% in this period, which is linked with the rise in the prices of diesel fuel in January 2 times, kerosene -1.3 times, sugar 34.6%. The impact of seasonal factors was satisfactory (-16.8%), which caused 3.6% drop in prices.

In October the participation of food products in the formation of inflation was 76.2%, including bead and bread products 3.5%, meat and meat products 21.8%, fruit and vegetable 27.5%, oil and fat 1.2%, milk and eggs 11.8%, sugar and tea 10.1%, drinks and tobacco 0.3%. In this period the share of non-food products made up 18.5%, services 5.4%.


In January to October the growth pace of inflation was 7.7% as compared to 2005, when it was at 10.5%. The consumer prices rose 11.2% in October as compared to last year.

Inconsiderable rise in the growth pace of inflation was caused by intensification of the growth pace of prices of all goods. Thus, in October the food prices rose 10.6% as compared to December. Rise in prices was 11% in January to October 2006 as compared to last year. Rise in prices of non-food products was more considerable than food prices. Thus, in October the prices of non-food products increased 5.4% as compared to December. Rise in prices as compared to last year was 5%.

In January to September local production failed to cover domestic demand, while import covered the considerable part of demand. As to foreign demand on local export product it remains to be high, while the export sector speeds up.

The special weight of export in GDP dropped from 7.7% in January to September 2005 to 8.4% in January to September of 2006.

As compared to September 2006, in October index of industrial goods dropped 0.9%, while the figure rose 17.8% as compared to January to October 2005 and 16.1% as compared to October 2005. In accordance with the figures fixed in December 2005 rise in prices was 17.8% in October. Rise in prices in the oil and gas production was 13.6% in January to October 2005 and 9.7% - in October 2005.

The wholesale prices in oil refinery rose 24.2%, while growth pace was 27.4% in October 2006 as compared to 2005. Over 2006 rise in the refinery of chemical products was 1.3%, in October 9.8%, in metallurgy 10.5% and 11.4% respectively, whereas he prices remained almost unchanged and made up 99.9%.

Iran reveals COVID-19 data for January 20
Iran reveals COVID-19 data for January 20
Iran, Cuba joint COVID-19 vaccine to begin new phase of testing in Havana
Iran, Cuba joint COVID-19 vaccine to begin new phase of testing in Havana
Iran reveals COVID-19 data for January 19
Iran reveals COVID-19 data for January 19
Loading Bars
Israel registers 9,089 new COVID-19 cases, 574,718 in total
Portugal experiences worst day of COVID-19 pandemic
Iran ready to build Herat-Mazar-i-Sharif railway: Roads min.
Tourism becomes key source of foreign-exchange earnings in Georgia
Georgian domestic exports up 3.5%
Amazon sues EU antitrust regulators for letting Italian case go ahead
Korean logistics company ULP invited to invest in Kyrgyzstan
Turkey reports over 6,400 new coronavirus cases
Kyrgyzstan's Central Election Commission approves election results
UAE signs deal with U.S. to buy 50 F-35 jets and up to 18 drones
WHO chief congratulates Joe Biden and Kamala Harris on their inauguration
Qatar reports 271 new COVID-19 cases, 148,000 in total
Over 40 dead after migrant boat capsizes off Libya: UN agencies
Joe Biden sworn in as 46th President of the United States
Kazakhstan to develop strategies to ensure financial stability in banking sector
Iran’s FM to visit Azerbaijan
COVID-19 vaccinations in Turkey exceed 1 million in 1st week
CBI Governor says part of Iranian frozen assets released
Georgian Parliament calls Pension Agency Head for transparency
Kyrgyzstan receives COVID-19 diagnostic reagents from Russia
Trump leaves Washington, skips incoming president Biden's inauguration
Blast rocks building in downtown Madrid
Azerbaijan shows footage from Nadirkhanli village of Kalbajar district (PHOTO/VIDEO)
Africa’s COVID-19 death toll tops 80,000, reports WHO
French online newspaper publishes article about January 20 tragedy
Memory of victims of January 20 tragedy honored in Azerbaijan’s Shusha city (VIDEO)
Turkish Foreign Ministry honors memory of Azerbaijani martyrs of January 20, 1990 tragedy in Baku
Turkish Ministry of National Defense talks January 20, 1990 tragedy in Baku
Azerbaijan confirms 897 more COVID-19 recoveries
Iran unveils amount of saved money by major mining companies
Anniversary of January 20 tragedy marked in Azerbaijan's Shusha
Events of Jan.20, 1990 divided life of Baku citizens into "before" and "after"
Kazakhstan bans import of Azerbaijani tomatoes
Review of Georgian exports to China
Azerbaijani troops hold several events in connection with January 20 tragedy (PHOTO/VIDEO)
Georgia increases wine exports to Azerbaijan
Azerbaijan becomes Georgia's second export partner
Kazakhstan reports decrease in mutual trade volume with Vietnam
Geostat reveals data on China's exports to Georgia
Iran reveals COVID-19 data for January 20
Turkey mobilized to support Azerbaijan in post-war period, says ambassador
Uzbek-Korean JV names volume polyethylene output in 2020
Container shipping rates surge in Georgia
Passenger transportation volume by road surges in Kazakhstan
Georgia may lift restrictions on international flights
Georgia sees decrease in electricity consumption
January 20 events of 1990 aimed to strangle Azerbaijan’s fight for independence – historian
Turkmenistan’s Mary State Power Plant names production indicators of 2020
Iran dismisses having any 'secret talks' with Biden's team to bring US back to JCPOA
New geopolitical reality following Karabakh war to make contribution to GDP growth in Azerbaijan - Economy Minister
Iran to commit to JCPOA obligations - if Europe, US return - FM Zarif
Commerzbank deepens partnership with Microsoft
Central Bank reveals volume of property appropriated by Georgian commercial banks
Kazakhstan's Baikonur Cosmodrome starts launching works for 2021
Azerbaijani Kapital Bank’s total assets increase as of 2020
Carnations blooming today along with khari bulbul in Azerbaijan – Turkish FM
Exports of Iran's steel products declines
French ambassador to Azerbaijan talks about January 20 tragedy
Turkmen carpet weaving enterprise reveals production volume
Iran may cancel additional protocol on nuclear deal - Foreign Policy Commission
Azerbaijan keen to develop relations with Turkey, Pakistan in almost all spheres
Azerbaijani people honoring memory of 20 January tragedy victims (PHOTOS)
Caspian Shipping Company’s marine flotilla reveres memory of January 20 martyrs (VIDEO)
Armenians destroyed mausoleum of outstanding Azerbaijani poet in Shusha - monitoring results
Azerbaijan's State Service for Property Issues unveils amount of transfers to state budget
Supply of Indian manufactured vaccines to neighbouring and key partner countries
Azerbaijan progresses with cotton yields in 2020
EU's Michel calls on Biden to form new transatlantic pact
Jewish community in Azerbaijan revere memory of victims of January 20 tragedy
India to gift 2 mn doses of Covid-19 vaccine 'Covishield' to Bangladesh
India, Japan sign Memorandum of Cooperation to help promote movement of skilled workers
Georgia reports 469 new COVID-19 cases for Jan.20
UK ambassador to Azerbaijan makes statement on January 20 tragedy
Benefits provided for Uzbek entrepreneurs likely to be extended
Share of domestic exports up in Georgia
Azerbaijan discloses number of mandatory health insurance services in 2020
Azerbaijani president, first lady visit Alley of Martyrs on 31st anniversary of 20 January tragedy (PHOTO)
India, Oman Hold Discussions On Bilateral Cooperation
Turkmenistan's Turkmengas to buy chemical products via tender
Uzbekistan, Turkey to work on approving agreement on preferential trade
Azerbaijan’s Kapital Bank reveals 2020 net profit
EU Delegation mourning victims of “Black January” tragedy - statement
Copper ores and concentrates top export goods in Georgia
Azerbaijan holds minute of silence to honor January 20 victims (PHOTOVIDEO)
Modi gets SOS message for vaccine from Caribbean nation that stood by India
Black January means symbol of struggle for independence - Charged ’Affairs of Azerbaijani Embassy in Ethiopia
Iran’s South Pars Gas Company beats new record on export
First Vice- President Mehriban Aliyeva shares Instagram post on 20 January tragedy (PHOTO)
Uzbekistan’s Central Bank to place bonds on republican currency exchange
Georgia sees decrease in external merchandise trade
Turkmenistan's Mary region opens tender for construction
Turkmenistan signs contract for aircraft purchase from French Airbus
UK inflation rises a little more than expected in December
Largest share of mortgage loans falls on Uzbekistan’s Samarkand region
Article on Black January tragedy of Azerbaijani Consul General in LA published
EU4Business supports expansion of Georgia’s biggest digital creative agency to global markets
Кazakh Electricity Grid Operating Company to buy construction materials via tender
Azerbaijani oil prices continue to grow
Phased COVID-19 vaccination continues in Azerbaijan - Ministry of Health
Kazakh Embassy extends condolences to Azerbaijan on 20 January tragedy's anniversary
All news