Bank Of Baku

Deflation observed in Azerbaijan within last 4 months

Deflation observed in Azerbaijan within last 4 months
# 14 August 2012 08:51 (UTC +04:00)
According to information, in July, consumption goods prices and service tariffs dropped 0.7%, as well as food products’ prices decreased by 1.4%, prices of non-food products and payable services remained unchanged at 0.1% and 0.2%.

Note that, level of inflation during Q1, 2012, made 2.2% in Azerbaijan.
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THE OPERATION IS BEING PERFORMED