The average prices of the consumer basket for 30 kinds of basic food products of domestic production, composed by Turan IA, decreased by 1.04% in Baku in June.
The prices reduced for the third month in a row, which is a seasonal factor related to the seasonal agricultural production. In May, there was a reduction by 2.8% and in April - by 2.85%.
In June, the following foods got cheaper: tomatoes (-53.3%), apples (-44.4%), eggs (-16.6%), potatoes (-10%), milk (-9.9%) and eviscerated chicken (-3.3%).
The following prices rose: cucumbers (+ 28.5%), onions (+ 33.3%), sugar (+ 10.9%), corn oil (+ 6.6%), and beef (+ 6.6%).
Prices for other goods remained stable.
|
Foods |
Prices by June 1, 2016 |
Prices by July 1, 2016 |
Change in percentage |
|
Beef |
7.0 |
7.50 |
+0.50 |
|
Mutton |
8.0 |
8.0 |
0 |
|
Chicken |
2.95 |
2.95 |
0 |
|
Chicken giblets |
3.0 |
2.90 |
-0.10 |
|
Sturgeon |
35.0 |
35.0 |
0 |
|
Butter |
8.90 |
8.90 |
0 |
|
Corn oil (1 liter) |
2.80 |
3.0 |
+0.20 |
|
Margarine |
4.80 |
4.80 |
0 |
|
Eggs (10) |
1.20 |
1.0 |
-0.20 |
|
Granulated sugar |
0.98 |
1.10 |
+0.12 |
|
Lump sugar |
1.40 |
1.40 |
0 |
|
Salt |
0.35 |
0.35 |
0 |
|
Flour (Sort I) |
0.49 |
0.45 |
-0.04 |
|
Vermicelli |
0.85 |
0.80 |
-0.05 |
|
Buckwheat |
2.30 |
2.30 |
0 |
|
Macaroni |
0.85 |
0.80 |
-0.05 |
|
Rice |
2.39 |
2.39 |
0 |
|
Milk (1 liter) |
1.20 |
1.10 |
-0.10 |
|
Sour cream (100 grams) |
0.45 |
0.45 |
0 |
|
Sour milk (1 liter) |
1.30 |
1.25 |
-0.05 |
|
White cheese |
5.0 |
5.0 |
0 |
|
Local biscuits |
2.0 |
2.0 |
0 |
|
Potatoes |
0.55 |
0.50 |
-0.05 |
|
Onions |
0.40 |
0.60 |
+0.20 |
|
Cucumbers |
0.50 |
0.70 |
+0.20 |
|
Tomatoes |
1.50 |
0.70 |
-0.80 |
|
Cabbages |
0.80 |
0.80 |
0 |
|
Apples |
1.80 |
1.0 |
-0.80 |
|
Green vegetables (1 bunch) |
0.20 |
0.20 |
0 |
|
|
98.96 |
97.94 |
-1.02 |
Markets Review
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In November 2024, the situation regarding deposit acceptance in seven Azerbaijani banks changed. These banks revised their interest rates for deposits made in Azerbaijani manats, US dollars, and euros. For example, the annual interest rate for deposits in the national currency (Azerbaijani manat) for a one-year term is as follows: Accessbank: 9-11% to 8.5-11% ; International Bank of Azerbaijan: 10-11% to 10.5-11.5%; Azer-Türk Bank: 5-5.5% to 8-8.5%; Bank of Baku: 10.5-11% to 12%; Kapitalbank: 9-10% to 10-11%; Rabitabank: 7.5-11% to 7.5-11.5% ; Ziraatbank Azerbaijan: 7.5-8.5% to 8-9%.
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