The National Bank of Azerbaijan (NBA) announced that in September 2006 the basic inflation rose 8.2% as compared to 2005.
In September rise of the Consumer Price Index was 0.6% as compared to August, while in the beginning of 2006 6%. The calculations were made in lien with the first methodology, which removes all fluctuations of administrative regulation of prices (prices of energy resources) and prices of seasonal character (fruits and vegetables).
In accordance with the second methodology of calculation, which uses averaged principle of smoothing, the basic inflation made up 5% in September 2006 as compared to 2005. As compared to the beginning of the year the rise was 3.8%, while as compared to August 0.3%. During the calculation the NBA cleans the basket by 16%, from the goods and services that have administrative and seasonal prices.