CBA insists that consumers spend more on non-food products

The Central Bank of Azerbaijan (CBA) published a review of the monetary policy in January-June this year. According to official figures, at least half of the consumer spending (49.5%) in the retail trade network is spent on the purchase of food products, beverages and tobacco products - 117.8 manat in this area of expenditure for each user. The remaining 50.5%  are the purchase of "other non-food products" (18.75), clothing and footwear (17.8%), automotive fuel (6.5%), electrical appliances and furniture (5.5%), drugs and other pharmaceutical products (1.2%), computers and other ICT equipment (0.8%), and other industrial products. Each user spends on nonfoods  in average 121.6 manat. Experts believe that after the two-fold devaluation of the manat last year  most of  consumers, especially  people with small income,  use the personal and family budget for food. Practice shows that in the conditions of uncertainty in the future people stop buying "extra" things, favoring food. --17D-