The goal set in the state program was not achieved

According to a recent report by the State Statistics Committee, consumer price indices in Azerbaijan for October 2024 reached 103.4% compared to October 2023. This includes increases in food products, beverages, and tobacco at 102.6%, non-food items at 102.1%, and paid services at 105.8%.

According to the State Statistics Committee, from January to September 2024, agricultural production in Azerbaijan totaled 10.4185 billion manats, marking a 0.8% increase compared to the same period last year.

According to data presented by the State Customs Committee, our calculations show that in January-September 2024, the value of food imports increased by 11.4% compared to the same period last year. Specifically, during the first nine months of this year, the country imported food worth USD 1.755 billion, which is USD 179.7 million more than in the same period last year (USD 1.576 billion). Notably, this year marks the first time in Azerbaijan’s history that a record volume of food imports has been recorded. It is worth noting that over the past five years, food imports have grown by 52.5%, and over the last ten years, they have more than doubled (by 2.4 times).

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.