Alternative inflation rate in Azerbaijan announced

Alternative inflation rate in Azerbaijan announced

Center for Economic and Social Development (CESD) concluded its macro-economic survey results for the first half of 2019. The center has conducted a price calculation survey in 50 districts of Azerbaijan, as well as in Baku, the capital city of the country. CESD uses the same basket and methodology which is officially applied by the State Statistics Committee of Azerbaijan. According to the CESD’s independent calculation of the consumer price index for the first half of 2019, the inflation rate was 7.3%. Meanwhile, the official inflation rate for the same period was 2.7% according to the State Statistics Committee of Azerbaijan.

@ CESD, 2019

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