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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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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