In March of this year, inflation was 0.9%, reported the State Committee on Statistics on April 4.
Food prices in March compared with February rose by 1.8%, non-food products – by 0.5%, and paid services – by 0.1%.
More expensive were wheat flour, rice, buckwheat, pasta, beef and mutton, butter, vegetable oil, alcoholic beverages, tobacco products, many fruits and vegetables.
Last month, the State Statistics Committee recorded an increase in prices for many consumer goods: textiles, clothing and footwear, construction materials, furniture and home accessories, household appliances, appliances, cars and spare parts, jewelry.
Alternative calculation of inflation has not been conducted for the third year. Calculations by the news agency Turan show that immediately after the devaluation of the national currency on 21 February this year, prices and tariffs for many goods and services have become much more expensive. However, the government deliberately underestimates the real rate of inflation for political reasons. -----08D
Economics
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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.
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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.
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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.
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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.
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