State Statistics Committee (SSC) of Azerbaijan recorded inflation at 0.6% in March compared to February of this year. Recall that in January and February, consumer prices rose by 1.2% and 0.5%.
In SSC they told Turan that in March food prices grew by an average of 1.3%. Prices of non-food products and services, as well as in February, remained basically stable.
Employees of the State Statistics Committee recorded in March rise in pasta and sausages, fresh fish, milk, sour cream, vegetable oil, as well as some fruits and vegetables. Several cheaper rice, buckwheat, beef, chicken and chicken thighs egg, butter, sugar and granulated sugar.
NGO "Center for Economic Research" (CER) from this year suspended the alternative calculation of the consumer price index, which was conducted in 2008. Therefore, alternative estimates of official data on inflation not. Typically, alternative calculations revealed higher rate of price increase. For example, at the end of 2012, SSC announced the 1.1% level of inflation. CER recorded inflation at 9.9%. SSC does not agree with the methodology for calculating the level of consumer prices by the CER, which, according to the SCS, is not in line with international practice. - 08D-
Economics
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
Leave a review