Azerbaijan’s Economy Minister: Real incomes of population surpassed inflation

Mikayil Jabbarov, Azerbaijan

© APA | Mikayil Jabbarov, Azerbaijan's Minister of Economy

# 16 November 2022 12:49 (UTC +04:00)

“Tension and risks in the global economy are further increasing. The reason for this is the further escalation of Russian-Ukrainian war,” said Azerbaijan’s Minister of Economy Mikayil Jabbarov at the meeting of the Azerbaijani Parliament held today, APA reports.

“In 10 months of the current year, the surplus reached USD 23 mln. The main reason for the increasing surplus was oil and gas export.”

According to the minister, inflation increased: “Increases in the international food market affect this. The index of global food prices decreased by 0,1 % in October 2022. Imported inflation increased in our country too. In 10 months of the current year, real incomes of the population surpassed the inflation.”

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