Bank Of Baku

ERC: Annual inflation in Azerbaijan exceeds 12%

ERC: Annual inflation in Azerbaijan exceeds 12%
# 12 January 2012 12:48 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Consumer prices increased by 0.76% in December, Azerbaijan, Economic Researches Center informed according to statistical observation of prices in 10 regions.

According to report of the Center, the food products went up 1.05%, non-food products dropped 0.29% and services rose 1.30%, during the same period.

The prices in Baku rose 1.08%, in regions – 0.44%. As well, food products rose 1.53% in Baku, 0.59% - in regions, including non-food products droppws 0.73% and rose 0.14%- in region. Services soared 2.20% in Baku and 0.41% in regions.

In comparison to a previous year, 12.03%-increase was observed in the country. The prices in Baku soared 15.76% in Baku, 8.46% - in regions. The highest inflation was observed in food products (19.35%). Inflation was 2.64% in non-food products, 5.73% - in services.
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