In Azerbaijan from January to November, the average consumer price growth was at an annual rate of 1.5%.
In Georgia, the annual rate is 2.8%, while in Armenia inflation is expected to reach 4%.
According to the State Statistics Committee of Azerbaijan, in the 11 months of this year compared with the same period in 2013 food prices grew by 1.1%, non-food products - 3.5%, and services to the population - 0.4%.
In Baku, the State Committee of Statistics recorded an increase in consumer prices by 1.6%. In the capital, home to about a third of the population, food prices rose in January-November compared to the same period in 2013 by 1.7%, and non-food products – by 3.7%. At the same time tariffs and prices for services fell in Baku by 0.1%.
In the Nakhchivan Autonomous Republic they believe the customers are happy: over 11 months of this year in the autonomy goods and services can be purchased for 0.9% less than in the same period last year. --08B--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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