In Azerbaijan, the population spends more money on food

According to economists, spending more than 30 percent of income on food is the cause of poverty news gives

The increase in prices in the last year has led the population of Azerbaijan to spend more money on food.

in consumer spending in 2021 food products, beverages and tobacco occupied 50.7 percent, and in 2022 this indicator increased to 55.3 percent.

“Agora” Analytical Collective In 2022, every 10He investigated how much of the 0 manats he spent on what.

It turned out that every 1055.30 manats from 0 manats to food, beverages and tobacco products, 14,10-u for clothes, shoes and textile products, 5.30 u car, gasoline and diesel, 4.80 to electrical goods and furniture, 2,20– to pharmaceutical products and medical supplies, 1.10 to computers, communication equipment and printed products, 16,20 manat was spent on other non-food goods.

Statistics show that more than half of the population’s spending is related to food products.

Independent experts and economists constantly state in their statements that more than 30 percent of income is spent on food products due to poverty. news gives

Income is so low prices it is so expensive that people have no money left to spend on anything but food.

According to the “Veysaloglu Retail Index” prepared by the “Veysaloglu” group of companies, which includes the “Araz” and OBA” market chains, a 19.3 percent increase in the price of the products most purchased by the company’s customers in December 2022 was observed compared to December 2021 .

Wear out quickly food 22.6 compared to December 2021 in the price of products, dry, frozen food 18.5 percent increase in the price of sweets and non-alcoholic beverages, and 6 percent increase in the price of alcoholic beverages and tobacco products.

Economist Rovshan Agayev his “Facebook” wrote on the page that the cost of minimum living in Azerbaijan is approved by the parliament every year, but there is an important detail here.

In addition to confirming the cost of living minimum as a general indicator, the government should also determine the cost of food, non-food and services basket separately:

“For example, what percentage of the subsistence minimum of 246 manats approved for 2023 is food? It is in good faith that this is not disclosed news does not give, allows you to avoid many questions that may arise. For example, food inflation last year even according to official figures 20 exceeded the percentage. Now how do you know that the price of the food basket is indexed according to this number?”

The economist said that it is necessary to confirm the value of the minimum living wage both for an individual and for a family. Because as the number of individuals in the family increases, so does the value:

“Looking at the figures of Turkey, it seems that the value of the living minimum does not reflect the objective reality. Currently, a standard family of 4 people in Turkey (2 people labour capable, 2 people child) the monthly cost of the minimum food basket is 720 manats, and the total cost of living minimum is 2400 manats. We have a minimum living wage of 935 manats for a family of four with the same composition, and taking into account the 52% share of food in the consumption of Statkom, the cost of a minimum food basket is about 500 manats.

Rovshan Agayev states that it is true that the cost of utility services and transport in Turkey is much higher than in Azerbaijan:

“At the same time, the cost of the service basket can be 2-3 times more expensive than ours on average. But in terms of manat, food and clothing are not so different from us. In this regard, the difference of almost 3 times between the cost of living minimum for 1 family is not realistic. The reason is due to our incorrect calculation.”

Azerbaijan According to the State Statistics Committee, in the country in 11 months of last year inflation It was about 14 percent.

It is reported that food products have become more expensive by 20 percent.

Officials, too President Ilham Aliyev says that in Azerbaijan rise in pricemainly due to external factors.