BAKU/12.12.13/TURAN : Index of industrial production costs rose in November compared with October by 7.6% .
The State Statistics Committee said, mainly on the production affected by inflation rise in crude oil and natural gas by 8.2%. Cost of exploration and extraction of other minerals and ores decreased by 0.1 %.
Besides hydrocarbons largest price increase was noted in the manufacture of food products and printing , as well as electrical equipment - by 2.4%. 2.2 % more expensive chemical products , 1.8% - of rubber and plastic, 1.4% - construction materials , 1.3% - wood products , 1.1% - drugs and medicines . On other positions growth is unimportant .
Experts expect the results of December 's official confirmation of a significant increase in the index, both food production and prices. - 17D-
Economics
-
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
-
Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
-
Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
-
A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
Leave a review