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Prices of foodstuffs go up 11% in Azerbaijan, Arif Valiyev

08 November 2006 13:18 (UTC +04:00)

The statistics also includes new schools, hospitals and other buildings besides residential buildings.
He insisted that the construction grew 10%, year-over-year, during this period of 2006.
He also said claims that inflation rate will be two-digit this year is baseless. The prices of foodstuffs went up only 11% during the period of January-October. Prices of the building materials also increased. Prices of fruits and vegetables didnâ€™t rise so much.
â€œTake note of the increase of prices, we can say the inflation rate stood at 7.7% in ten-month period,â€? he insisted.
He said the Government continues to take measures against this process and agricultural goods fairs are held twice a week.
â€œThe price of three kilos of potatoes is 20 kopecks in Gadabey while it is 40 kopecks in Baku. Thatâ€™s why it is not correct to assess the inflation rate according to the market prices in Baku,â€? he said.
He also said that the incomes of people are growing rapidly and the poverty line is going down.
â€œThe poverty line has dropped in Azerbaijan in past nine months. It is expected that the poverty rate will fall by 10% in 2006. The poverty rate will stand at 20% in 2006,â€? he underscored. /APA/