NGO Center for Economic Research published the results of an alternative study of the consumer market, according to which in August, despite official data (deflation of 0.5%), inflation rate was 1.06%.
Year-on-year (against January-August of 2011), consumer prices rose by 6.53%, while the State Statistics Committee reported 1.7% strength of inflation.
According to the NGO, in August compared with July, food prices rose by 1.71%, non-food products - 0.4%, services - 0.13%. In this case, the prices in Baku on average rose by 1.74% and in regions - by 0.39%.
In annual terms, food prices rose by 10.4% and services - by 5.27%. Alternative calculations showed decline in non-food items for the year to 0.13%.
Alternative calculation of prices in the consumer market is held in 10 regions of the country. - 08D -
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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