In July, in Baku and other Azerbaijani cities, food prices did not change. In comparison to the same period last year, prices on average rose by 1.8%, in comparison to the beginning of the year prices fell by 2.5%. Over the last month in connection with the season, prices for agricultural products decreased only 5%.
Experts believe that the agricultural products in comparison with last year were sold more expensive. One of the farmers, noting that the yield this year was no worse than last year, said: "This year's crop is good, but prices of delivering products to markets increased slightly, which makes it impossible to sell the crop at a lower price."
In the next few days, the prices will remain stable.
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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