In June 2014 consumer prices fell by 1.2%, estimated by the State Statistics Committee of Azerbaijan. In annual terms, inflation amounted to 1.6%.
According to official estimates, in June, food prices fell by 2.9% and non-food products - 0.1%. While paid services rose by an average of 0.2%.
Independent experts are wary of official price statistics, which they call "politicized." According to the economist Gubad Ibadoglu inflation data fabricated and are contrary to the alternative count. "Baku is included in the list of the 50 most expensive cities in the world. In a low growth of real incomes of the population, this fact is a direct indicator of the deterioration of living standards in the country, "he told the online Meydan TV.
In annual terms, food went up by 1.2%, non-food products - 3.6%, services - 0.3%.
Note that, for example, seasonal deflation was observed in Russia and Kazakhstan in June. In these countries in June, consumer prices rose by 0.6% and 0.3%, according to their statistical agencies. - 08D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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