![Over the past five years, food prices have increased by 15.3%](https://turan.az/resized/media/2013/main/123000063962-750-500-resize.webp)
Over the past five years, food prices have increased by 15.3%
In comparison with the last five years, starting in 2008, food prices increased on average by 15.3%. The rise in prices was as follows: in 2009 - 32.06 %, in 2010 - 9 %, in 2011 - 4.3 %, in 2012 in comparison with the current period - 2.1%. Most over the past 5 years rose beef - 28.5%, lamb - 25%, fish products – 25%, granulated sugar - 18.5 %, sugar cubes - 55%, sour cream - 33 %, sour milk -25 % , local cheese -17.8 % , sweets - 40% sweets, potatoes -133 %, onions - 82%.
Housewives believe that increased food prices will cause high cost of Christmas holiday table. If five years ago a festive table for a family of four cost about 50 manat, the current cost is 70-80 manats.
Experts believe that the continuous rise in prices for five years was due to both internal and external factors. Along with inflation and the rise in price of imports and fuel, there is monopoly.
One expert, explaining the situation, said the following, "The most important factor influencing the increase in prices over the past few years was monopoly. We buy most of the used products for the holiday table at monopoly prices. If this is not prevented, the cost of the festive table will grow from year to year."
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- 30 December 2013 16:16
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- 31 December 2013 19:23
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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