Nominal income rises, but inflation erodes gains for the population

The State Statistics Committee has revealed that the nominal income of the Azerbaijani population surged to 70,223.5 million manats during the period of January-November 2023, marking a robust 12.8% increase from the corresponding period in 2022. The report further discloses that the nominal per capita income experienced a commendable uptick of 12.2%, reaching 6,917 manats over the course of the past year. However, a shadow is cast over thi...

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