It is reported that bread prices have increased in Azerbaijan in recent days. It is noted that the prices of bread belonging to various companies have increased by 10-20 qepiks.
Modern.az conducted an investigation into these claims in several supermarket chains located in the capital to clarify the matter.
During our investigation, it was revealed that there is an increase in the price of packaged bread sold in supermarkets. It was emphasized that there is a price increase of up to 20 qepiks, depending on the product.
Economist expert Khalid Karimli, speaking about the price increase, stated that the reason for this is the increase in factory costs:
"There is no change in the price of flour and wheat in the world market. However, there is an increase in heating, transportation, fuel, electricity, and gas prices. Companies' margins (the difference between the selling price and the cost of the product - ed.) are also limited. Although the Tariff Council does not regulate bread prices, this issue is constantly in focus. Therefore, they cannot set a high margin.
However, the increase in companies' costs leads to higher prices. Also, as salaries paid to employees increase, it affects companies' budgets".
We also learned the position of one of the companies regarding the issue.
In response to the inquiry, the enterprise stated that continuous increases in raw material, transportation, and other costs in recent times have led to a significant rise in production costs:
"Our goal is always to offer high-quality, healthy, and daily essential products to our consumers at reasonable prices. Considering the current economic conditions, a price adjustment has been implemented for our bread varieties. We would like to note that this decision was made after long-term analyses and internal optimization measures. Our aim is to keep the price increase at a minimum level and ensure a balanced approach by maintaining the quality and accessibility of our service for consumers.
We understand that price changes affect every family budget. Therefore, we continue our efforts towards increasing efficiency in production processes, optimizing costs, and exploring alternative supply opportunities. As an enterprise, transparency and consumer satisfaction are priorities for us. We thank our customers for their understanding and trust, and we assure them that we will continue to serve them with our quality products".
