Prices up 15.7% within a year: gov't
Prices have risen 15.7% in Azerbaijan in the past year, the State
Statistics Committee said.
Food prices have gone up the most - 20.3%, while prices for other goods increased 9.5%, and fees on services 10.3%.
According to the committee, prices increased 2.2% in February. Food became 3.5% more expensive, while prices for other commodities and fees rose by less than 1%.
Analysts link the increases with monopolies in the domestic market, along with seasonal factors.
Prices are expected to keep going up over the Novruz Holiday that will last from March 20 till March 28.
The State Anti-Monopoly Service has confirmed that the prices are artificially raised ahead of the holidays. Its head Samir Dadashov said some speculators take advantage of the higher demand for food and raise prices for no reason.
Food prices have gone up the most - 20.3%, while prices for other goods increased 9.5%, and fees on services 10.3%.
According to the committee, prices increased 2.2% in February. Food became 3.5% more expensive, while prices for other commodities and fees rose by less than 1%.
Analysts link the increases with monopolies in the domestic market, along with seasonal factors.
Prices are expected to keep going up over the Novruz Holiday that will last from March 20 till March 28.
The State Anti-Monopoly Service has confirmed that the prices are artificially raised ahead of the holidays. Its head Samir Dadashov said some speculators take advantage of the higher demand for food and raise prices for no reason.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!