In the first 11 months of this year, inflation at an annual rate in Azerbaijan made up 12.1%. Food rose in price by 14.1%, non-food products – by 16.8%, and services – by 5.6%.
According to the State Statistics Committee, consumer prices rose by an average of 1.7% in the country in November, including food – by 2.6%, non-food products – by 1.9%, and services – by 0.3%.
In November, compared to October, rice, flour, buckwheat, cookies, pasta, all kinds of meat and meat products, dairy products, eggs, oil, sugar, beverages, fruits, etc. rose in price.
SSC recorded a reduction in the prices of some fruits and vegetables (bananas, apples, lemons, tangerines, persimmons, cabbages, greens, carrots and onions). ------08D
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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