Bank Of Baku

Azerbaijan comes third for inflation in CIS area

Azerbaijan comes third for inflation in CIS area
# 05 February 2009 12:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Preceded by Ukraine and Kyrgyzstan, Azerbaijan was the third among the CIS countries for inflation rate last year, the CIS Statistical Committee said in a report.
According to the report that ranked 10 CIS countries (except Uzbekistan and Turkmenistan), the average inflation for the CIS area was 17%, up 7% on a year ago.

 

Country

 

Inflation

Ukraine

25,2%

Kyrgyzstan

24,5%

Azerbaijan

20,8%

Tajikistan

20,4%

Kazakhstan

17,0%

Belarus

14,8%

Russia

14,1%

Moldova

12,7%

Georgia

10,0%

Armenia

9,0%



In Azerbaijan, inflation was 16.7% in 2007, 8.3% in 2006, 9.6% in 2005 and 6.7% in 2004.
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