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Inflation rate up in Azerbaijan

Business Materials 10 September 2020 14:37
Inflation rate up in Azerbaijan

BAKU, Azerbaijan, Sept. 10

By Fidan Babayeva – Trend:

The Consumer Price Index (CPI) in Azerbaijan increased by 2.9 percent from January through August 2020 compared to the same period of 2019, Trend reports on Sept. 10 referring to the Azerbaijani State Statistics Committee.

The CPI for food, drinks, and tobacco products rose by 5.3 percent, non-food products - by 1.3 percent, the paid services to the population - by 1 percent.

The CPI in the country declined by 0.2 percent in August 2020 compared to July 2020 and grew by 2.8 percent compared to July 2019.

Jan. through August 2020 compared to the same period of 2019 (in percent)

August 2020 compared to July 2020 (in percent)

August 2020 compared to August 2019 (in percent)

Total products and services

102.9

99.8

102.9

Food products including

105.3

99.5

104.9

Food

105

100.1

104.5

Alcoholic beverages

102.9

100.2

103.4

Tobacco products

115.5

100

118.4

Non-food products

101.3

100.0

101.4

Payment systems

101

100.0

101.1

(1 USD = 1.7 AZN on Sept. 10)

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