In January, increase in consumer prices in Azerbaijan amounted to 0.8% year on year. Turan was told the State Committee on Statistics (SCS).
Compared with January 2012, food prices decreased 0.6%. Observations of SCS staff revealed rise in non-food products by 0.5% and in services - by 3.4%.
Inflation in Azerbaijan is based on surveys of prices of 565 goods and services in 54 cities and regions. Alternative estimates of inflation, as a rule, do not coincide with the official figures. - 08B-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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