In January, consumer prices in Azerbaijan rose by an average of 1.2%. This is a fairly high rate of inflation, given that in January of last year, prices in Azerbaijan rose by 0.1%.
According to the State Statistics Committee, in January, food prices grew by 0.6%, non-food products - by 0.1% and services - 3%.
In January compared with December, according to the observations of employees of GCS, prices rose for bread, pasta, fresh fish, olive oil, sour cream, tangerine, apple, pear, quince, pomegranates, potatoes, cabbage, greens, cucumbers, tomatoes, etc.
At the same time there is a reduction in price of some foods, such as rice, buckwheat, chicken, turkey, butter, sugar, granulated sugar, orange, banana, beets, carrots and mushrooms.
In 2012, the official inflation rate was 1.1%, the alternative inflation - 9.9%. In 2013, the government forecasts inflation of about 5%. - 08D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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