From January to April this year, consumer price inflation in Azerbaijan made up 1.9%. In the first quarter, annual inflation was 2%, the State Statistics Committee.
Within four months of this year, non-food products in the country rose by an average 3.6%, while food prices rose 1.9%. More moderate were actions of providers: service prices on annual basis rose by only 0.3%.
This year, the government forecasts economic growth at about 5%. At the same time it promises average strip price growth will not exceed 3.5%.
In the years 2006-2012 consumer inflation exceeded 80%. - 08D-
Economics
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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