In the first half of 2016 the prices of consumer goods and services in Azerbaijan increased 10.5% compared with the same period of 2015.
Food prices grew by 11.9%, industrial goods - by 15.4%, paid services - by 4.5%, the State Statistics Committee informed.
The rise in prices continued in June. According to the State Statistics Committee, in comparison with May, prices for consumer goods and services rose by 0.5% and non-food goods - by 0.3%.
Paid services rendered to the population remained stable. Prices for several products decreased, but it was mainly due to the seasonal products.
In June compared with May, the majority of non-food products increased in price. This mainly affected textiles, clothing, footwear, building materials, jewelry, carpets, floor coverings, glassware, cookware, appliances, TV sets, computers, cars, etc. -0-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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