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
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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