Enrichment of Foreigners

The State Statistics Committee shows on its official website that in September 2024, the consumer price index in Azerbaijan was 103.5 percent compared to September 2023, including 102.9 percent for food products, beverages, and tobacco products, 101.9 percent for non-food products, and 105.7 percent for paid services provided to the population.

According to data released by the State Statistics Committee, silk production in Azerbaijan reached 239.4 tons in the January-August period of 2024, which is 32.9% less compared to the previous year. It should be noted that the decline in silk production for 2024 was evident from the beginning of the year, as significantly fewer silkworm seeds were distributed to farmers compared to previous years. Specifically, in 2021, the government distributed 14,700 boxes of silkworm seeds to farmers free of charge, in 2022 – 11,130 boxes, in 2023 – 11,500 boxes, and in 2024, only 9,000 boxes were given to silk producers. As a result, the number of free boxes distributed in 2024 decreased by 5,700 compared to 2021, representing a 38.7% decline.

According to the data published by the State Statistics Committee, in August 2024, the Consumer Price Index (CPI) in Azerbaijan increased by 103.5% compared to August 2023. This includes an increase of 103.0% in food products, beverages, and tobacco products, 101.8% in non-food products, and 105.6% in paid services provided to the population.

According to information provided by the State Customs Committee, our calculations indicate that during the January-August period of 2024, the import value of food products increased by 9.8% compared to the same period last year.