Inflation in December was 1.72%.
According to the calculations of the Center for Economic Research 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 5.87%, non-food prices rose by 0.49%, services - 0.28%. The State Statistics Committee has not issued official figures yet.
Most of the increase in consumer prices was reflected in Baku - 2.24% (food prices rose by 3.68%, non-food products - 0.75%, service 0.34%), and near + 1.20% (food + 8. 03%, non-food products + 0.23%, service 0.22%).
For the entire 2012 inflation, as calculated by the CER, there was 9.92% (14.76% in Baku and in regions 5.17%). On average, food rose in price by 1 January at 18.15%, non-food products - 3.37%, services - 5.47%. - 17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review