According to the quarterly data of the State Statistics Committee of Azerbaijan, the nominal income of the population amounted to 10 billion 303.5 million manat (+ 9% to April 1 of the previous year).
This statistics recognizes that the average annual inflation rate from January to April was at 10.8%. Given the fact that on February 21 and December 21 the Azerbaijani national currency slipped by 100% against the US dollar, the real inflation rate for all types of goods and services amounted to 40%, while the prices of imported goods almost doubled.
Statistics says that by April 1, the nominal income per capita was 1,073 manat (AZN 357.7 a month). According to experts, the method of averaging the income of the population is wrong, because the incomes of oligarchs and low-income people living on social benefits or pensions are equalized. --17D-
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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