In September 2015, consumer prices in Azerbaijan increased compared to the previous month by 0.3%. At the same time food inflation reached 0.6%, the State Statistics Committee (SSC) reported.
Non-food prices increased on average by 0.1% and prices for paid services to the population remained stable.
According to the SSC, in the first nine months inflation was at an annual rate of 3.7%. Over the year, prices of food products rose by an average of 6%, including alcoholic beverages - 8.1%. Non-food products rose at an annual rate of 3%, and paid services became 1.1% more expensive. -08D-
Goods and services | September 2015 compared with August 2015
| January-September 2015 compared with January-September 2014 |
Total on goods and services | 100.3 | 103.7 |
Including: |
|
|
Foods | 100.6 | 106.0 |
Including: |
|
|
Nutrition | 100.6 | 104.7 |
Alcoholic drinks | 100.4 | 108.1 |
Non-foods | 100.1 | 103.0 |
Paid services | 100.0 | 101.1 |
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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