Bank Of Baku

ERC: Inflation reaches 1.21% in October

ERC: Inflation reaches 1.21% in October
# 11 November 2010 09:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Consumer Price Index rose 1.21 percent in Azerbaijan, including 1.17 percent in Baku and 1.25 percent in regions. The inflation was 6.23 percent during 10 months, according to the Economic Research Center’s report based on the Alternative Inflation Methodology Development Project.

The report is based on surveys on goods and services in 22 regions of the country.

Consumer Price Index rose 7.59% in October, 2010, compared with a year ago.

Note that, State Statistical Committee announced that, consumer prices index increased by 0.9%, in October.

ERC Expert has also calculated the value of minimum consumer basket on October. According the calculations, per head subsistence minimum for able-bodied population made AZN 145.4, for pensioners AZN 135.22, for 0-14 aged children AZN 185.83.
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