The average salary in Azerbaijan on September 1, 2015 as compared to the beginning of the year increased by 4.4% from 444.5 to 460.1 manats, the State Statistics Committee said.
According to official statistics, inflation over 9 months stood at 3.7%, while food inflation was at 6%. The inflation actually ate the wage surplus.
However, in dollar terms, that is, not in nominal, but in real terms, wages fell by 25.7% - from $ 568 at the exchange rate at the time of devaluation on February 22 to $ 422 as of 1 September. The value of imports of industrial and food products rose to 30%, which affected the decrease in the purchasing power of the manat.
The highest salary is received by workers of the oil industry - more than 1,700 manats and in the sphere of information and communication - 700 manats.
The highest individual salary is received by the President of the republic - 15,000 manats, but it has also considerably lost from the devaluation.
The minimum wage has remained stable since 2013; it is 105 manats, while the cost of living is 125 manats. -0-
Economics
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