In January-November of this year, consumer price inflation in Azerbaijan made annualized 2.3%, 1.1 % higher than in the comparable period in 2012. Turan was told in the State Committee on Statistics.
Experts predict that, given the December annual inflation rate will be at least 4%.
According to official estimates, on an annualized basis, food prices rose in January-November 2013 by 2.2%. Non-food prices rose only by 0.6 %. Service providers have increased rates by 3.4%.
Recall that the alternative count of inflation in Azerbaijan by civil society this year was not conducted.
In December, the government raised tariffs on fuel, as well as revised tariffs for telecommunication services. - 08D-
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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