In the first half of the year for the purchase of food products, beverages and tobacco products the population spent 49.5% of total expenditures. In general, according to a review of monetary policy, drawn up by the Central Bank of Republic of Azerbaijan (CBA), the retail trade turnover amounted to 12 billion manats.
"Other non-food products" were 18.7% and clothing and footwear were 17.8% of consumer spending. Motor fuel was 6.5%, furniture and appliances - 5.5%, drugs - 1.2%, and computers and other electronics - 0.8%.
Every month an average consumer had 104 manats spent in retail outlets for food, drinks and cigarettes and 105.9 manats was spent on non-food products.
According to the CBA, in January-June, food prices grew by 5.5%, non-food products - by 2.8% while the average annual inflation rate was 3.5%. --17D-
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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