In January of this year, the State Statistics Committee registered deflation: consumer prices fell in comparison with December on average by 0.2%.
In SSC they told Turan that food prices in January rose by an average of 0.2 %, and services, on the contrary, decreased by 0.9 %. Non-food prices remained stable.
Note that since the beginning of February in Azerbaijan, prices of local and imported food products began to grow.
Over the past month SSC recorded a rise in price of rice, fish products , meat products , milk and dairy products , eggs, butter, corn oil , sugar, salt, many fruits and vegetables. In January, a slight decrease in prices was recorded at chicken, oranges, bananas, carrots, potatoes and dried grapes.
In January 2012, inflation reached 0.1% in 2013 - 1.2%. - 08D -
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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