Real retail turnover declines in Azerbaijan, Jan-Sep

Real retail turnover declines in Azerbaijan, Jan-Sep
# 21 October 2008 15:06 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Retail turnover reached AZN 7.7 billion in January-September, up 15.5% on the same period last year.
The State Statistical Committee said foodstuffs worth AZN 5 billion and nonfoods worth AZN 2.7 billion were consumed in Azerbaijan’s trade and service outlets during this period.
Inflation rose 21.5% for the three quarters of 2008, eroding real retail turnover. That is to say, the purchasing power of the population declined when adjusted for inflation.
#
#

THE OPERATION IS BEING PERFORMED