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Food Prices Fell by 3.9% in May
Markets Review 


2017 June 06 ( Tuesday )  15:53:18
Print version
Русский Azərbaycan

Baku / 06.06.17 / Turan: In May in Baku, the average price of a consumer basket of 30 main types of basic food products produced by the Turan News Agency decreased by 3.9%.

Seasonal products fell in price first of all: cucumbers (-73.3%), tomatoes (-62.5%) and cabbages (-52.9%). Prices for several other foods fell as follows: eggs (-33%), chicken (-18.6%), cheese (-8.3%), corn oil (-7.3%), first-grade flour (-5.6%), beef (-4.5%), and chicken giblets (-3%).

Several products rose: apples (+ 105%), onions (+ 33.3%), and potatoes (+ 5.5%).

In April, the average price for 30 types of products remained stable after the 1% decline in March.

Price growth was observed in July (+ 1.4%) last year and ended in February (1.7%). The highest growth was registered in December (4%).

The decline in prices, as mentioned in the report for March, means that Azerbaijan enters the season of summer fruits and vegetables entering the market, which is characterized by a decrease in prices with access to cheaper local agricultural products and changes in the diet in favor of plant foods. There is also a factor of low purchasing power of the population and a decline in the standard of living as a result of the crisis.

It should be expected that food prices will continue to decline in June. -0-

FoodsPrices by May 1, 2017Prices by June 1, 2017Change
Beef11.010.50- 0.50
Mutton11.011.00
Chicken4.303.50- 0.80
Chicken giblets3.303.20- 0.10
Sturgeon 35.035.00
Butter13.9013.900
Corn oil (1 liter)4.103.80- 0.30
Margarine5.505.500
Eggs (10)0.901.20+ 0.30
Granulated sugar1.301.300
Lump sugar1.801.800
Salt0.450.450
Flour (Sort I)0.530.50- 0.03
Vermicelli0.900.900
Buckwheat2.602.600
Macaroni0.900.900
Rice3.03.00
Milk (1 liter)1.401.400
Sour cream (100 grams)0.600.600
Sour milk (1 liter)1.751.750
White cheese6.05.50- 0.50
Local biscuits 2.102.100
Potatoes0.900.95+ 0.05
Onions0.300.40+ 0.10
Cucumbers1.500.40- 1.10
Tomatoes4.01.50- 2.50
Cabbages0.850.40- 0.45
Apples1.02.05+ 1.05
Green vegetables (1 bunch)0.200.200
121.08116.30- 4.78