In January, inflation in Azerbaijan on an annualized basis was 13.6%, the State Statistics Committee (SSC) told Turan. According to the SSC data based on an analysis of prices on 547 types of goods (works and services), food prices grew by 18.3%, non-food products - 17.2%, and services to the population - 4.6%.
Deputy Chairman of the SCS Yusif Yusifov in an interview with Turan has denied the statements of independent experts about the politicization of statistics, in particular the consumer price index.
"We can prove the truth of our calculations. We cannot approve a widespread increase in prices of goods and services. In rural areas, for example, 70% of food products is met by own resources of peasants, " said Y.Yusifov.In February, there is stabilization of consumer prices. 08B
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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