The State Statistics Committee of Azerbaijan recorded October growth in consumer prices by 0.7 %. After a five-month deflation in September (0.1 %) began the process of inflation.
According to official estimates, food prices increased on average by 1.2% , non-food products - 0.4 %. Pricing for public services went up by 0.2 %. This year, the maximum increase in food prices was in March (1.3%).
According to observations by agency staff, in October fell the prices of beef, buckwheat , sugar and granulated sugar . Prices fell also for seasonal fruits - apples , quinces, pomegranates, lemons, tangerines, walnuts and chestnuts. Cheaper became some vegetables - cabbages , beetroots , carrots .
Prices rose for lamb, sausages and chicken. Grew the prices of rice, pasta , milk and dairy products , eggs , butter. More expensive became potatoes , onions , garlic, cucumbers and tomatoes. - 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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