Bank Of Baku

Economic Research Center says annual inflation hits 28% in Azerbaijan

Economic Research Center says annual inflation hits 28% in Azerbaijan
# 13 October 2008 12:55 (UTC +04:00)
Baku. Elnur Huseynquluyev – APA-Economics. Consumer Price Index rose 0.57 percent in Azerbaijan, including 0.35 percent in Baku and 0.78 percent in regions during September, 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 11 regions of the country.
According to the report, the price rise was 0.32 percent in foodstuffs, 0.32 percent in nonfoods and 1.11 percent in services.
Inflation rate rose 17.42 percent for January-September and 28.34 percent from a year earlier.
The USAID’s Alternative Inflation Methodology Development in Azerbaijan Program was launched in 2007. The program is now supported by the Open Society Institute – Budapest.
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