Retail turnover rose 16% in Azerbaijan, Jan-Oct

Retail turnover rose 16% in Azerbaijan, Jan-Oct
# 07 November 2008 13:15 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Retail turnover reached AZN 8.7 billion in January-October, up 15.6% on the same period last year.
The State Statistical Committee said foodstuffs worth AZN 5.6 billion, nonfoods worth AZN 3.1 billion and services worth AZN 2.7 billion were consumed in Azerbaijan’s trade and service outlets during this period.
An average citizen spent AZN 1 343.2 on consumption.
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.
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