A consumer price index for exported goods in Azerbaijan's oil and gas sector has jumped 46.2% for nine months of 2021 compared to the last year's same time period. The Head of the Department of Azerbaijan's Center for Economic Reforms Analysis and Communication, Nijat Hajizadeh, has released this information.
Per the State Statistical Committee, over the nine months of 2021, the import price index has stood at 21.5% and the export price index at 42.5% compared to the same time period of 2020.
The import price index has risen 36.8% compared to that of last year due to the oil prices surge.
According to the head of the Department of Azerbaijan's Center for Economic Reforms Analysis and Communication, the country has repeated the last 7-year record of nonoil exports.
Over the first ten months of 2021, nonoil exports accounted for $2.05 billion, with a similar figure last detected in 2014.