In October, Food Prices Rose by 2.2%

In October in Baku average prices of the consumer basket on 30 kinds of basic food products of domestic production, drawn up by Turan IA, increased by 2.2%.

Thus, the third consecutive month prices continued to move up. In September, prices rose by 2.4% in August - by 3%, and in July - by 1.4%. A decline of 1.04% was observed in June, by 2.8% in May and by 2.85% in April. The decline was due to the release of seasonal agricultural products to the market.

The prices first of all rose for the summer season products sharply declining in volumes - tomatoes (+ 257%), potatoes (+ 60%), apples (50%), cucumbers (+ 25%), yogurt (+ 11.2%), and white cheese (+ 4%).

Lamb (- 5.2%), chicken giblets (- 6.6%), and cookies (- 4.5%) became cheaper.

For other products the prices changed slightly or remained stable.

Due to the sharp decline in the market of seasonal products in October and an increase of customs duties on imports from 1 November, as expected, the increase in food prices was recorded. An even greater increase in prices is constrained by low purchasing power, which continues to fall due to the ongoing recession, rising unemployment and the falling manat.

Foods

Prices by October 1, 2016

Prices by November  1, 2016

Change

Beef

9.0

9.0

0

Mutton

9.50

9.0

- 0.50

Chicken

3.30

3.30

0

Chicken giblets

3.0

2.80

-0.20

Sturgeon  

35.0

35.0

0

Butter

9.80

9.80

0

Corn oil (1 liter)

3.60

3.60

0

Margarine

5.20

5.20

0

Eggs (10)

1.60

1.60

0

Granulated sugar

1.30

1.30

0

Lump sugar

1.80

1.80

0

Salt

0.39

0.41

+0.02

Flour (Sort I)

0.50

0.50

0

Vermicelli

0.96

0.96

0

Buckwheat

2.50

2.50

0

Macaroni

0.96

0.96

0

Rice

2.90

2.90

0

Milk (1 liter)

1.30

1.30

 

Sour cream (100 grams)

0.51

0.55

+0.04

Sour milk (1 liter)

1.35

1.50

+ 0.15

White cheese

5.0

5.20

0.20

Local biscuits  

2.20

2.10

-0.10

Potatoes

0.50

0.80

+0.30

Onions

0.30

0.35

+0.05

Cucumbers

0.80

1.0

+0.20

Tomatoes

0.70

2.50

+1.80

Cabbages

0.35

0.40

+0.05

Apples

0.40

0.60

+0.20

Green vegetables  (1 bunch)

0.20

0.20

0

 

104.92

107.13

+ 2.21

 

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