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 President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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