Monetary inflation in Azerbaijan hits 2.4 percent

Business Materials 15 May 2012 21:10 (UTC +04:00)

Azerbaijan, Baku, May 15 / Trend A.Hasanov /

Consumer prices and tariffs for services in Azerbaijan in April 2012 compared to the previous month decreased by 0.4 percent, while inflation in January-April compared to the same period last year was 2.7 percent, the State Statistics Committee said on Tuesday.

During April, food prices dropped by 0.9 percent, while non-food prices and tariffs for services remained unchanged.

Compared to January-April 2011, food prices in January-April 2012 increased by 3.5 per cent, non-food - by 1.3 per cent, and tariffs for services - by 2.1 per cent.

In April, the base consumer price index, calculated net of goods and services subject to seasonal changes (fruits and vegetables), and prices for which are regulated by the state, compared with the previous month decreased by 0.3 percent, in January-April - increased by 2.4 percent on an annualized basis.

During the month there was a decrease in prices on such food products as beef, mutton, sausage goods and chicken (0.4 percent), fish (6 percent), dairy products, butter, cheese and eggs (0.2 percent), vegetables (2.7 per cent), fruits (0.8 percent), sugar, jam, honey, chocolate and sweet (0.2 percent).

Such foods as coffee, tea, cacao (0.2 percent), water, cold tankards and juices (0.4 percent), tobacco (6.3 percent) rose in price.