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Purchasing power index drops in Azerbaijan

Purchasing power index drops in Azerbaijan

18 February 2010 09:38 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Azerbaijanâ€™s State Statistical Committee announced that population purchasing power index reached 1.10 as of January, 2010 down by 0.31 or 22% year-on-year.

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 in January-November, 1.42 in January-October, 1.54 1.43 in January-September and in January-August.

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