Season of Cheap Grapes and Expensive Air Tickets
The July price increase was mainly due to fans, travel flights, melons, persimmons and other agricultural plants associated with the holy month of Ramadan.
The public association Center of Economic Research (CER) announced the results of alternative statistical observations of food prices in May this year. This is an objective indicator calculated from the international system of calculating the relative amount of risk (VAR).
As for significant reduction in price, far ahead were grapes (a month earlier eggplants were ahead) with a negative index of 50.55%, potatoes fell by 10.81%, t-shirts for boys of 3-6 - by 14.17%, mobile phones - by 4.99%, due to the forced discount in connection with the departure of people from the capital.
The top three products that became more expensive included melons (51.28%), persimmons (22.07%), air tickets (19.64%), fans (4.40%), and further - in descending order.
According to the executive director of the Center for Economic Research Ghalib Togrul, the inflation rate expected in 2012 is the same as was seen in the past year - at 12%. - 17D-
Economics
-
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.
-
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.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review