NBA Fixes 2-figure Inflation in Azerbaijan in 2006
In December 2006, the growth rate of prices on consumer goods and tariffs on services went up by 2.1% as compared to November 2006. The National Bank of Azerbaijan informed Trend that the annual rise of inflation made up 11.4%, while the average annual was 8.3%.
During this period, the price on food products increased by 16.1%, non-food products вЂ" 7.5% and tariffs on services by 4.3%.
In 2006 the foodstuff comprised 75.3% in the formation inflation. The bakery prices rose by 5.3%, meat by 18.8,2%, vegetables by 27.5%, oils and fats by 1.1%, milk and eggs by 14.8%, sugar and tea by 0.2%, and soft drinks and tobacco by 0.2%. The share of non-food products made up 18% and services 6.7%.