Economy 20:00 16/12/2013

Increase of fuel prices by Azerbaijani government boosted rise of food prices by 15-20%

“After Azerbaijani Tariff Council increased the prices of gasoline and oil products, an increase in prices of food is noticed in the markets and shops of Baku. Overall, price growth is mainly observed among agricultural products which are brought to the capital city from the regions of the republic,” Azerbaijani information portal Turan reports.

As it is stated in the article, the Azerbaijani State Statistics Committee presented their data and claimed that food prices in the country have already grown. According to their statistics, even before the rise of fuel prices, in November of 2013 the food prices have already increased by 1.4%. That price hike affected flour, rice, bread, pasta, beef, chicken, fish and meat products, milk and dairy products, eggs, butter, vegetable oil, pears, quince, pomegranates, potatoes, onions and garlic.

“Experts think that there will be an increase in prices in December. The reasons are considered to be the rise of gasoline prices and approaching New Year,” states Turan.

Note that Tariff Council of Azerbaijan starting from December 3 sharply increased the price of gasoline and diesel fuel by 27%-33% and the price of gas for enterprises became almost twice the former price. Earlier, in January of 2007 by the decision of Tariff Council of Azerbaijan the prices were again increased; the price of gasoline grew by 50%; price of electricity increased three times and the price of water became twice its former price. The fare of public transportation has increased by more than 30%.

Azerbaijani independent experts declared that the increase of fuel prices will generate growth in prices of food and other goods. On Sunday Azerbaijani opposition held a rally in Baku against rising prices. The protestants demanded the resignation of Azerbaijani government.



Source Panorama.am
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