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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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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