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Purchasing power index increases in Azerbaijan

Purchasing power index increases in Azerbaijan

18 June 2009 14:06 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijanâ€™s State Statistical Committee announced that population purchasing power index reached 1.43 for January-May.

According to the top body, the index is 0.02 points higher in May than January-April.

In simple words, purchasing power index describes sum of all net incomes available for buying goods and services. This index is negative when it is below 1 or sum of all net incomes are not sufficient to purchase goods and services.

The rise indicates that sum of net incomes increase and sum of expenditure for goods and services decrease.
According to statistics, the purchasing power index was 1.41 points for 2008.

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