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
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
-
Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
Leave a review