The State Statistics Committee has revised the composition of the consumer basket and now it includes not 565, but 520 names of goods and services. The changes are made taking into account the structure of consumer spending, which in turn is not disclosed.
Inflation in the country since January this year is measured by the new basket.
In the new basket there are no matches, AI-95 gasoline, and gold rings of 585th test. It also lacks some food products: cereals, milk powder, kefir, pickled mushrooms, vegetable tea, strong wine, and seasonings.
SSC found it not important to take into account the prices for men's (coats, sheepskin coats, leather jackets) and women's (leather jackets, suits, swimsuits) clothes. There are not many fabrics in the new basket.
At the same time, instead of food, clothes and other necessary goods, there are nine medications (validol, aspirin, analgin, Panadol / paracetamol, ampicillin, biseptol, captopil, diclofenac, almodipine) included in the basket. --- 08D
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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