Azerbaijan’s Consumer Prices Are Flapping Wildly
Usually, it’s the price of a barrel of oil that would matter in Azerbaijan. Yet, over the past few weeks, there has been a lot of talk about the price of eggs in Azerbaijan. And I can attest to the skyrocketing price of eggs. Last fall, eggs in Lənkəran we’re maybe 12-15 qəpik a piece. In some places, as low as 10. We’re talking about 15-18 cents, or $1.50 per dozen eggs. Since then, Lənkəran eggs have jumped up to over 25 qəpik each, a 50-100% jump in price over the course of a few months. Today.Az was on it a few weeks ago:
Mass perishing of domestic birds in several regions of Azerbaijan has caused the rising of egg price. The prices doubled to 20-25 kopecks. According to Chingiz Farajov, head of department in Ministry of Agriculture, the reason of this is related to seasonal factors and decrease of production.
According to him, the other reason of rising is perishing of domestic birds from diseases: “The egg production in 2010 has decreased by 31 mln units or 2.05% from 2009”.
And it’s not limited to just eggs. Trend tells us that price hikes also caught up with chicken meat prices. Both news agencies inform us that the Ministry of Economic Development is on the case and are working to reduce prices for these consumer goods and prevent prices manipulation. Unfortunately, journalism in Azerbaijan needs to improve a little bit so that we can have a better idea of what the Ministry of Economic Development is actually doing.
The last thing to point out is that one of the main criteria of the analysis of the rebellions across the Middle East and North Africa is the role of food prices in stirring those movements. Who knows what will actually happen here in Azerbaijan, but it is no secret that everyone complains about rising food prices. On the other hand, it could just be that the holiday times (International Women’s Day and the upcoming Novruz) are putting a crunch of demand on a limited supply after a few months of winter.