In October in Baku and other cities of Azerbaijan, food prices on average remained unchanged. However, within the month there was some change in prices. In particular, by 6% reduced price of butter, but the price of eggs increased by 9 %. In comparison with the same period last year, the price of food commodities increased by an average of one and a half percent, and in comparison with the beginning of 2013 prices fell by 1.7 %.
Prices of summer agricultural products increased an average of 35-40 %, while the prices of autumn ones fell by 50-60 %.
In the coming days, the stability of food prices will continue and the prices of autumn agricultural products will fall.
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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