In July of this year, consumer prices in Azerbaijan declined compared to June by 1.7%, the State Statistics Committee.
According to statistical observations, in July, prices for food and non-food products remained on average at the level it was in June. During the month tariffs for services rendered to the population decreased by 0.7%.
In July compared with June, there was a decrease in prices for beef, fish, butter, many seasonal fruits and vegetables. At the same time the growth was seen in prices for some food products, including wheat flour, chicken, pasta, oatmeal and barley cereals, eggs, chestnuts, lemons, and drinks.
Deflation in Azerbaijan has been observed since April.
Experts point out that the rate of inflation has long been a tool of political speculation in the hands of the government to be used as evidence of economic stability in the country. Conducted in 2008-2012, alternative CPI calculations show that in reality the rate of inflation is much higher than the government says in the face of SCS. --08D--
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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