In September in Baku, as well as in other major cities of Azerbaijan, food prices on average remained unchanged. During the month, there were some changes in the prices of food products. Prices fell for sugar by 5% and for buckwheat by 9%. But the prices of flour slightly increased - by an average of 14%. In connection with the season there was increase in prices for agricultural products - an average of 5%. In general, compared to the same period last year, prices rose on average by 1.8%.
In comparison with the beginning of the year there was a decline in prices of 2.5%. Experts believe that in the coming days there will be stability in the prices of food products. They also predict that the prices of agricultural products will rise rather due to the end of the summer season.-0--
The prices are shown in the table below (in AZN per kg):
Economics
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Azerbaijan's defense and national security expenditures are set to increase significantly next year, driven by the need to enhance military capabilities and respond to Armenia's escalating militarization efforts, Finance Minister Samir Sharifov said on Monday.
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Azerbaijan's state budget expenditure for 2025 has been proposed at AZN 41.368 billion, Finance Minister Samir Sharifov announced during a session of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship on Saturday.
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The Asian Infrastructure Investment Bank (AIIB) has announced the size of its first allocated loan for renewable energy projects in Azerbaijan.
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In Azerbaijan, debates are ongoing about the feasibility of hosting the UN Climate Conference COP29 in Baku. Azerbaijani critics argue that the event could place a heavy burden on the country's budget, with rumors circulating that the recent increase in fines for traffic violations and a surge in such penalties aim to fill the budget gap left by COP29 expenses.
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