Prices and situation in consumer market in Azerbaijan (january-november 2011)

In January-November 2011, a rise of the retail goods turnover and paid services offered to population increased by 9.6 percent compared to January-November 2010 and amounted to 19.1 billion manat. In particular, 74.8 percent accounted for retail sales, 19.9 percent - paid services.

In January-November 2011, the trading networks of Azerbaijan sold population consumer goods at 14.4 billion manat, which is 10.3 percent more than January-November 2010. Legal entities provided 12.9 percent of turnover, fairs and markets - 42.6 percent, individual entrepreneurs - 43.8 percent.

In January-November 2011, the paid service rendered to population amounted to 4.673.8 billion manat, which is 7.4 percent more as compared to January-November 2010. Individual entrepreneurs provided 73.0 percent of services, legal entities - 26.9 percent with growth of 10.2 percent and 2.7 percent respectively.

During the reported period, every citizen of the country acquired consumer goods and paid services at 191.1 manat that is 16.5 percent more than January-November 2010, indicating that the purchasing capacity of citizens has increased.

In connection with the rapid economic development and population growth in prosperity, the Azerbaijanis preferred to global brands for many commodities, including alcoholic beverages, cigarettes and other tobacco products, motor vehicles, etc.

Prices

In November 2011, the prices for consumer goods and tariffs for services remained unchanged compared to the previous month, and compared to January-November 2010 increased by 8.0 percent (data from the State Statistics Committee).

Food prices increased by 10.7 percent, nonfood items - by 2.7 percent, and tariffs for services - by 4.7 percent compared to January-November 2010.

Food prices increased by 1.9 percent, nonfood items - by 0.4 percent, and tariffs for services - by 0.1 percent in November compared to October.

In November 2011, the base index of the consumer prices, calculated excluding goods and services, incurring seasonal changes (fruits and vegetable) and being regulated by the Government increased by 0.5 percent as compared to the previous month and by 5.6 percent to January-November 2010.

Compared to the previous month, in November 2011, the index of industrial production prices rose by 3.9 percent, compared to the same period of 2010, prices rose by 25.0 percent. Prices increased by 4.4 percent in the oil and gas production in November compared to the previous month, but by 29.3 percent compared to the same period of 2010.

In the processing of chemical products, prices dropped by 0.1 percent during the month, but rose by 21.1 percent per annum. In November 2011, the prices in metallurgy increased by 0.9 percent compared to the previous month, but by 9.0 percent during the year. In November, prices for electricity, gas and water remained unchanged as compared to the previous month.

Average market price and indices of basic food commodities
in January-November 2011

Source: The Azerbaijani State Statistics Committee