In May of this year, consumer prices in Azerbaijan declined compared to April by 0.6%, the State Statistics Committee reported.
According to statistical observations, in May, food prices fell by 1.5%. For a month non-food products fell by 0.2% and services fell by 0.1%.
In May, compared with April, prices fell for wheat flour, fish, lamb, chicken, dairy products, vegetable oils, granulated sugar and sugar cubes, some seasonal fruits and vegetables.
Recall that in April, deflation was 0.2%. --08D-
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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