Bank Of Baku

Annual inflation rate in Azerbaijan drops to 12.2 %

Annual inflation rate in Azerbaijan drops to 12.2 %
# 10 August 2023 12:22 (UTC +04:00)

The annual inflation rate in Azerbaijan during January-July, 2023 dropped to 12,2 % compared to January-July, 2022. the State Statistics Committee told APA-Economics.

This is 0,5% lesser than last month.

Consumer price index of food products, beverages, and tobacco products was 114,3%, 111.0 % on non-food items, 110,4 % on paid services provided to the population. Consumer price index of July of 2023 was 99,3 % compared to last month, price index of July was 109,4 % compared to last year’s july.

In July of 2023, consumer price index of food products, beverages and tobacco products was 98,5 % compared to last month, and price index of July of 2023 was 109,7 % compared to July of 2022.

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