The population mastered another wave of price hike of food after the Tariff Council of Azerbaijan increased prices for gasoline and other excise goods on December 3 last year. However, most people could not cope with the artificial inflation processes and have to consume less than in the fall. In the spring they situation is worse to the poor, especially children and youth.
In February, food prices in Baku and other cities of Azerbaijan stabilized in anticipation of increasing on the eve of Novruz. Imported butter fell by 2%. Due to the winter season agricultural production rose by 5% (beetroots and beet) to 40% (cabbages) by March 1.
In comparison with the same period last year, food prices rose overall by 20%. The cost of meat, milk and dairy products, as well as bread, flour and flour products for a long time is not subject to change. According to experts, it is due not to government subsidies in the most mass-market sector, but to the fact that the authorities in advance set the bar high for the apparent stability.
Most noticeable difference is observed in the prices of imported fruits and vegetables. - 0 -
Economics
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It is expected that the average Azerbaijani family will allocate a larger portion of their budget to food in 2025, driven by rising social expenditures and increased wages.
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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