According to the econometrical model of the Central Bank, over January-October, 45.1 percent fell at monetary factors in the formation of 7.6 percent of the inflation.
Among monetary factors, the main influence felt at money supply, where growth made up 92,6%, a source in the National bank of Azerbaijan told Trend. This growth fell at the period of Janury-August, 2006. The growth of the face efficient rate on the non-oil sector from December, 2005 to July, 2006 was 0,2%.
Non-monetary factors have had significant impact on the inflation rate (54,9%). The sharing of administratively-regulated prices in the reporting period reached 20,3%, that was connected with the double rise in diesel fuel prices in January, kerosene in 1,3 times, sugar -34,6%. The influence of season factors was at the level of (-16,8%), due to May-August 2006 prices increase. Due to the winter season of January-April and September-October, 2006, prices went up to 3,8%, that triggered the growth of inflation by 15,9%.
In October, 2006, the sharing of foods in forming the inflation rate against the beginning of the year made up 76,2%, including bread and bakery - 3,5%, meat and meat goods 21,8%, fruits and vegetables 27,5%, oil and fat 1,2%, diary and eggs 11,8%, sugar, tea 10,1%, drinks and tobacco 0,3%. In the reporting period, the sharing of non-foods reached 18,5%, services 5,4%.