In February, food prices in Baku and other cities of Azerbaijan were generally stable.
During the reported month, most dropped the price of corn oil - 7.7%, imported animal oils fell by 1.5%. Due to the winter season agricultural production increased by 5%.
Compared to the same period last year, food prices rose by 1.5%. The most noticeable difference was in the prices of dairy products (15%), flour (12.5%), pasta (11%), lamb (10%), and beef (6%).
Experts believe the stable prices of the first two months of the year were normal in advance of the increase, especially in the dry fruits for the spring holiday of Nowruz.
Economics
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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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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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