Food Imports Are Increasing: The Situation Is Critical, Urgent Measures Are Needed

The consumer price index for food, beverages and tobacco products in Azerbaijan in June 2024 amounted to 99.9% compared to the previous month and 100.2% compared to June 2023. That is, in June, food products fell in price by 0.1% compared to the previous month and rose in price by 0.25% compared to June last year.

On January 4, 2021, the Tariff Council (TC) of the Republic of Azerbaijan responded positively to the request of the State Oil Company (SOCAR) regarding an increase in retail prices for natural gas, AI-92 gasoline and diesel fuel.

According to information published by the State Statistics Committee (SSC), in January-May 2024, agricultural products worth 3 billion 352 million manats were produced in Azerbaijan, by 3.1% more than in the same period last year. The Committee reports that over the past year, the cost of crop production produced in the country increased by 7.4% to 783 million manats, and the cost of livestock products increased by 1.7% to 2 billion 569 million manats.

The State Statistics Committee (SSC) has released data on food consumption per capita in 2023.