(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 6. Veyseloglu Group of
Companies (VGC) has published its monthly retail index for June
2022. According to the latest report published by the Group, the
figure for June is 11,6%. This indicator, known as the Veyseloglu
Retail Index, represents the changes in the price of the products
with the highest consumer demand sold across the Group's retail
outlets.
The index represents the dynamics in the overall price level of
the most purchased products by the company's customers over the
past 24 months. It is important to note that this index does not
represent a precise level of inflation.
The overall cost of the most purchased products in June 2022 was
higher by 18,6% compared to June 2021. According to the latest
figures, the prices of fresh/perishable products increased by
21,4%, the prices of non-perishable (dry, bulk, frozen foods,
confectionery and soft drinks) products increased by 18,7%, and the
prices of alcoholic beverages and tobacco products increased by
7,8%.
Veyseloglu Retail Index has become popular amongst financial
institutions and the expert community, as it provides a reliable
alternative source of data in measuring consumers' purchasing
power. It also aims to assist ordinary consumers in budgeting for
their monthly purchases.
Veyseloglu Group of Companies (VGC) is a progressive and
multi-faceted FMCG group that encompasses various areas of the
supply chain, from production, to distribution, to logistics, to
direct interaction with customers through its supermarket chains.
VGC genuinely believes in sustainable business models and constant
innovation to ensure efficiency and driving long-term value for all
stakeholders.
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