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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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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