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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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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