Sevinj Gasanova explained growth in inflation in Azerbaijan

“Inflation growth is mainly due to a significant increase in food prices in the world market, as well as high inflation in countries that are our main trading partners.” About this at a joint meeting of parliamentary committees for economic policy, industry, entrepreneurship and work and social policy said Deputy Minister of Economy Sevinj Hasanov.

She stated that the continuing malfunctions in the global consumer logistics chain as a result of a pandemic, especially interruptions in supply and rising energy prices as a result of a conflict between Russia and Ukraine in recent months, led to an increase in food prices in the world.

“According to the UN food and agricultural organization (FAO), world food prices have increased by 18%in January-May, and over the past year, by about 23%, which is the highest indicator. Partner in the partner countries Politics, the introduction of a ban on a number of goods, tariffs and duties are one of the reasons for the increase in food prices. In order to prevent the negative impact of a sharp increase in food prices in the world on business activity, welfare and purchasing power of the population, emergency anti -inflationary measures are being taken. In connection With this in February, the Cabinet of Ministers signed an appropriate order.

by decision of the Cabinet of Ministers, the production of a number of goods was exempted from duties. Prepared and submitted proposals for the exemption of these types of products from value added tax. In addition, the State Service for Antimonopoly Control and Supervision of the Consumer Market under the Ministry of Economics took the necessary measures to prevent violations of buckwheat and bread prices. Also, in order to prevent the possible negative impact of world processes on the food security of our country, the Cabinet of Ministers has adopted decisions aimed at regulating the export of a number of food products that are part of the minimum consumer basket, ”she said.