In 2016 inflation in Azerbaijan totaled 12.4%. Food rose in price by 14.7% on the average as compared to 2015, non-food products – by 16.7%, and services – by 5.8%, the State Statistics Committee said.
In December, consumer prices increased in comparison with November by 3%, including food products – by 4.1%, non-food products – by 2.2% and paid services to the population – by 2.4%.
In 2015, inflation was 4%, and in 2014 - 1.4%.
The governmental forecast for the current year is not optimistic - 7.3%. ----08D
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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