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
-
Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
-
Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
-
The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
-
Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
Leave a review