Projects- August 08/2009

On August 14, 2009 Economic Research Center (ERC) presented statistical findings of prices on July of 2009 in 11 regions of Azerbaijan within the “Calculation of Alternative Inflation Level” program implemented within the Institutional Support project of OSI Budapest Foundation. Statistical observations indicate that there was observed 0.59% growth in consumer price index (CPI) in Azerbaijan in July. Inflation was 0.47% in Baku, in regions – 0.71%.Though there was observed deflation in food (0.16%) and non-food products (0.86%) but price increase in service sector (4.45%) resulted with inflation in July. ERC considers it as a result of double price increase in gas sold to population from the 1st of July by Tariff Council. On July the most price decrease on commodity groups was observed in fruit-vegetables (3.14%). The most price increase as mentioned above was observed in service, as well as in milk and milk products, egg (4.13%).

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