State Statistics Committee of Azerbaijan has published the data on the state of the consumer market, according to which in September after the summer "season" of deflation in May once again registered inflation of 0.1 %.
According to official estimates, food prices increased on average by 0.1 %, non-food products - 0.2 %. Pricing for public services remained at the August level.
Total year on year food prices rose by 2.2% , non-food products - 0.5 % , the rates and prices for services - 3.4%. Alternative Calculation of inflation is not conducted since the beginning of this year. So the rule between the official and alternative counting inflation existed difference: GCS recorded the more moderate figures.
According to the observations of SSC in September fell bread , buckwheat , sugar and granulated sugar , seasonal fruit ( apples , quinces, pomegranates , grapes, nuts , hazelnuts and chestnuts) and some vegetables ( peppers, cabbages , beetroots , onions , garlic and herbs) .
In September, statistics recorded a rise in prices of beef and mutton, sausages, chicken, rice, pasta, milk and dairy products, eggs , butter , and potatoes , beans, eggplant and lemon.
Of non-food products in September, prices fell on cars , flooring and cement. - 08D-
Economics
-
The Azerbaijani government is determined to stabilize oil production. This intention was announced by President Ilham Aliyev earlier this year. "Work is underway to stabilize oil production, and I believe we will see results in the near future. We need stable oil production, and this task has been set before the investors," he remarked during one of his speeches.
-
Representatives from the World Bank, Azerbaijan’s Ministry of Digital Development and Transport, and the leadership of the Baku International Sea Trade Port (BISTP) convened in Alat on Monday to discuss the implementation of the second phase of the port’s development, the largest on the Caspian Sea.
-
Investments in Azerbaijan's fixed capital totaled 15.91 billion manats ($9.36 billion) in the first 11 months of 2024, marking a 3.8% decline compared to the same period last year, official data showed on Thursday by the State Statistics Committee.
-
Discussions surrounding the implementation of a landmark renewable energy project on the Absheron Peninsula took center stage at a December 11 meeting hosted by Azerbaijan’s State Agency for Renewable Energy (AREA) under the Ministry of Energy. The project, initiated through a memorandum of understanding signed on March 1 in Baku, involves collaboration with the Spanish engineering giant Elecnor.
Leave a review