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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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