CESD’s independent inflation rate was announced

CESD’s independent inflation rate was announced

CESD- Center for Economic and Social Development concluded its macro-economic survey results including price collection for 2018. According to the CESD price collection survey which covers the capital city and selected districts in rural Azerbaijan, annual inflation rate was 6.7 % in 2018.

Meanwhile, according to the State Statistics Committee, prices of consumer goods and services in 2018 compared to 2017 increased by 2.3%, including food products, beverage and tobacco products 1.7%, non-food products 2.6%, paid services provided to population 2.7%.

The committee has reported that in December of 2018 compared to November prices of consumer goods and services increased by 0.8%, including food products, beverage and tobacco products 1.7%, non-food products 0.2% and paid services provided to population 0.1%.

© CESD, 2019

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