Inflation in October was 1.96%.
According to the calculations of the Economic Research Center (ERC) conducted in 10 districts of the capital and the country, the growth in prices was observed in all the real economy. Food inflation stood at 2.96%, non-food prices rose by 1.18%, services (for the first time since the beginning of the year) - 1.64%.
Most of the increase in consumer prices was reflected in Baku - 2.71% (food prices rose by 3.23%, non-food products - by 2.30% and services - by 1.85%), and in the regions it was + 1.23% (food - 1.69%, non-food products - 0.09%, and service - 1.44%).
Since the beginning of the year, inflation, as calculated by the ERC, was 6.06% (9.59% in Baku and 2.59% in the regions). On average, food rose in price by 8.76%, non-food products - by 1.68%, and services - by 4.64%.
This year (from November 1, 2011) prices rose by 8.96% (in Baku - by 13.23% and in the regions - by 4.76%). Food prices went up by 14.02%, non-food products - by 1.16%, and services - by 6.07%. -17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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