For the 11 months it took 55.7% of food spending in shops. According to estimates of the State Statistics Committee, in comparison with the same period in 2011 the share of food in consumption fell by 3.9 percentage points.
According to the State Statistics Committee, in 1993, spending on the purchase of food rose sharply from 53.3% to 70.7%. This was the period when Azerbaijan was in active military operations against the Armenian aggression in Nagorno-Karabakh. For many years (1994-2005 years) ratio spending on food and non-food products ranged 70-75% and 30-25%. According to international experts, this indicates a low standard of living of the population. In 2006-2010 the share of food in expenditure on the purchase has remained at 64-63%. In 2011, this figure dropped to 59.5%.
Note that according to the SSC of Azerbaijan in January-November 2012 the population spent on goods 15.4 billion manat, which is 9.4% more than in the comparable period of 2011. The costs for the purchase of non-food items for the period increased 19.9%, while the purchase of food by the population cost only 2.4% higher. - 08B-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review