The National Bank of Azerbaijan (NBA) announced that in November 2006 the basic inflation rose by 8.3% as compared to 2005.
In November rise of the Consumer Price Index was 0.7% as compared to August, while in the beginning of 2006 7.5%. The calculations were made in line 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 average principle of smoothing, the basic inflation made up 5.5% in November 2006 as compared to 2005. As compared to the beginning of the year the rise was 5%, while as compared to November 0.7%. During the calculation the NBA cleans the basket by 16%, from the goods and services that have administrative and seasonal prices.