In October of this year in Azerbaijan the official inflation rate was 0.7%. According to the committee last month, food prices grew by 1.5%, while prices of non-food goods and services remained stable on average.
During October in Azerbaijan rose the prices of flour, bread, beef, lamb, chicken, fresh fish and eggs. The prices of some fruits (oranges, bananas, pears and grapes) and vegetables (tomatoes, cucumbers, peppers, eggplant, beets, carrots, potatoes, and garlic) also increased.
The statistics in October recorded a fall in prices of some food products (butter and vegetable oils, buckwheat, sugar and sugar), as well as some seasonal fruit (lemons, tangerines, apples, quinces, and pomegranates) and vegetables (cabbages, onions, and parsley).
From April to August this year in Azerbaijan there was deflation. In September the official inflation rate was 0.6%. - 08B-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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