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Base inflation in Azerbaijan in 2006 equaled 7.6%

Business Materials 2 September 2006 12:19 (UTC +04:00)

According to the information provided by Azerbaijan National Bank (ANB), in July 2006 the base inflation has increased by 7.6% as comprised to the same period of last year. In July the index growth of the consumer prices made 0.6% in regard to June and 4.9% - December 2005, Trend has been told in ANB. These calculations were made according to the first methodology in which the change of administratively regulated prices (prices for energy carriers) and prices of seasonal character (fruits and vegetables) are taken into consideration.

According to the second methodology where all price changes are made away the base inflation in July made 2.6% as comprised to July 2005. The growth equaled 3.2% in regard to the beginning of the year, and 0.4 June.

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