In January-August 2016 inflation in Azerbaijan totaled 10.8%, the State Statistics Committee.
According to official figures, food prices rose on average by 12.2% in comparison with the same period in 2015. Non-food products rose by 15.6%, and paid services rose by 4.9%.
In August, the "march" of deflation finished due to the finish of the summer season and 0.5% inflation was recorded. Food has risen in price by 0.6%, non-food products - by 0.5%, tariffs and prices for services – by 0.4%.
According to SSC estimates, in August, the tariffs for paid education, foreign travel services for air and rail transport increased. -----08D
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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