Bank Of Baku

Arif Valiyev: “Price rise of meat in Azerbaijan has artificial character”

Arif Valiyev: “Price rise of meat in Azerbaijan has artificial character”
# 10 May 2011 09:39 (UTC +04:00)
To him, inflation depends on how much the wages and pensions will be increased: “Concrete opinion maybe said when the exact amount is known”.

Committee chairman noted that food and vegetable products were expected to cheapen in summer: “But some price rise is not excluded in autumn. Recent price rise in of meat and other food products has artificial character. Because we produce these products ourselves, we don not import them”.

He noted that in April, deflation was recorded in Azerbaijan: “Price of construction materials rises especially in summer. I suppose that it will be so this year too. But in winter construction decreases, that is why, price of materials goes down”.

Valiyev said that this year, level of poverty had been taken for consumer basket: “This amount is AZN 98. If there occur any inflation until the end of the year, the amount will rise a little”.
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