Bank Of Baku

Economic Research Centre says annual inflation drops to 14.7% in Azerbaijan

Economic Research Centre says annual inflation drops to 14.7% in Azerbaijan
# 09 June 2011 13:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Economic Research Centre has released the results of statistical monitoring of prices in 10 regions of Azerbaijan, in May, 2011.

ERC says the Consumer Price Index slid 0.75% in Azerbaijan during May. The food prices declined 1.62%, non-foods prices – 0.32%, services rose 0.18%.

The prices in Baku fell 0.62%, in regions – 0.88%. Annual inflation made 14.90%.

14.65% price rise was observed in the country, compared to a year ago (during 12 months). In this time, the prices rose 18.11% in Baku, 11.25% in regions. The highest inflation was observed in food products. The growth in non-food products made 3.35%, in services – 3.51%. Consumer prices increased by 5.33%, as well food products – 8.53%, non-food prices – 1.06%, services – 2.38%.
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