In January-November 2016 the cost of consumer products compared with last year increased by 12.2%, the State Statistics Committee. The cost of food has increased by 14.1%, non-food products by 16.8%, paid services - by 5.6%.
In November 2016 compared with October, consumer goods and services prices rose 1.7%. At 2.6%, food prices rose by 1.9% - non-food goods, and paid services - by 0.3%.
Over the last month grew the price for rice, flour, buckwheat, cookies and other sweets, pasta, beef, lamb, chicken, fish and sausages, dairy products, cheese and eggs, butter and vegetable oil, sugar and granulated sugar, coffee, tea, cocoa, alcoholic beverages, as well as pears, pomegranates, quinces, tomatoes, cucumbers.
The price for bananas, apples, lemons, persimmons, oranges, chestnuts, cabbage, greens, carrots, onions became cheaper.
In November, compared with October, more expensive became fabrics, clothing and footwear, building materials, medicines, furniture, jewelry, carpets, glassware, dishes, appliances, personal computers, stationery, books, spare parts for cars.
During the month, there was increase in prices for paid services, rental housing, home appliances, as well as the prices for international passenger transport by rail, air and sea. -05В-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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