In January, consumer prices in Azerbaijan increased compared with December by 2.3%. Food rose in price by 2.8%, non-food – by 2%, paid services – by 1.9%, the State Statistics Committee reported.
Inflation in annual terms was 11.9% in January. In January this year food was 14.5% more expensive compared with the same month in 2016, non-food products grew by 12.3%, and paid services to the population grew by 8%.
Since January, new tariffs for natural gas for the population have been applied, providing double the tariff for consumption exceeding the limit (1,700 cubic meters a year) - AZN 200 per 1 thousand cubic meters.
Last year, the Tariff Council increased fees for water, electricity and sewage services. Growth in consumer prices mainly resulted from the devaluation of the national currency approximately twofold for the year. ----08D
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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