For the first eight months of this year, inflation reached annualized 1.7%. Compared with January 2011, the official consumer price inflation is estimated at 4.8%.
State Statistics Committee told Turan, that food prices grew at an annual rate of 1.9%, non-food products - 1.3%, services - 1.5%.
Note that in the January-August 2011, the official consumer price index in Azerbaijan amounted to 108.5%.
NGO "Center for Economic Research" conducted over the past few years, an alternative calculation of inflation in Azerbaijan. According to his data, in January-July 2012, the annualized inflation rate was 7.7%. - 08B-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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