During January-November of this year, consumer prices in Azerbaijan increased compared to the same period in 2011 by 1.2%, Turan was told in the State Statistical Committee.
Unofficially, estimates consumer prices exceed this macroeconomic indicator, which is also the social element.
In January of this year, inflation compared to the comparable month in 2011 reached 4.8%. Gradually, however, the rate began to decline. It is noteworthy that in January-November 2011, the inflation rate in Azerbaijan reached 8%.
According to the State Statistics Committee, in January-November 2012 food prices increased 1%, non-food products - 1.1%, and paid services - 1.3%.
The inflation rate is used to index the basic pensions, and also applies to pecuniary damages. - 08D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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