BAKU, Azerbaijan, December 14. An everyday
assembly of the working group on monitoring inflation and costs was
held, the Cupboard of Ministers of the Republic of Azerbaijan advised
Development.
The working group assembly, chaired by the pinnacle of the Cupboard of
Ministers Workplace, Rufat Mammadov, mentioned worth modifications within the
client market from January to November 2023, together with meals and
non-food merchandise, paid providers rendered to the inhabitants, the
worth index for imported merchandise within the meals market, agricultural
producer costs, authorities anti-inflationary measures, and methods of
fulfilling the directions assigned to the related
buildings.
In accordance with State Statistics Committee information, the typical annual
inflation charge from January to November 2023 was 9.4 p.c in
single-digit phrases, whereas the annual inflation charge was 2.6
p.c. In accordance with the latest UN Meals and Agriculture
Group information, the meals worth index in November declined 10.6
p.c 12 months on 12 months. The inflation dynamics have slowed as a
results of exterior variables and anti-inflationary measures.
The assembly addressed the problems of the research of the meals
market, the place the very best worth progress is noticed, the explanations for
the variations between the costs, the extent of focus of
imports of the introduced items used within the calculation of the
client worth index, the outcomes of aggressive evaluation on the
sale of agricultural merchandise and medicines in the marketplace, the
prices of the availability chain primarily based on imports and domestically
produced merchandise, in addition to anti-inflationary financial coverage
carried out by the Middle for Evaluation of Financial Reforms and
Communication.
The Middle for Evaluation of Financial Reforms and Communication
introduced a methodological framework doc on the essential
rules of the Worth Monitoring Annex, through which it was deemed
applicable to determine a working group consisting of
representatives of the related buildings.
On the finish of the assembly, the pinnacle of the working group on
monitoring inflation and costs famous that subsequent 12 months the required
work will likely be executed to proceed anti-inflationary measures, to make sure
a wholesome aggressive surroundings within the home market, to
monitor costs and research their causes, and to make sure an appropriate
stage of inflation for financial progress.
The adoption of the Competitors Code will give a optimistic
impetus to those processes.
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