2015 May 13 (Wednesday) 12:34:25
In April of this year in Azerbaijan, consumer prices decreased compared to March by 0.2%, the State Statistics Committee told Turan.
Earlier SSC reported that in February, following the devaluation of the national currency by 34%, prices of goods and services rose by an average of 4%, and in March – by 0.9%.
In April, food prices rose by 0.5%. In this non-food items became cheaper by 0.5%, and public services were 0.9% lower than in March.
On an annual basis within four months of this year, the official inflation rate was 3.1%. Food prices increased on average by 4.6%, non-food products - 2.6%, services - 1.5%. --08B
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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