What was inflation rate for Azerbaijan in January, 2012?

What was inflation rate for Azerbaijan in January, 2012?

In January 2012, inflation in Azerbaijan made up 0.1% against December 2011, according to figures from the State Statistical Committee. Thus, food prices rose by 0.1%, while prices nonfoods and services didn’t change- State Statistic Committee reported.

Meanwhile, the CESD also concluded its price monitoring in 24 regions of Azerbaijan. According to CESD initial results, inflation rate in January, 2012 was 1.1 % compare with last month. The center is planning to present comprehensive and detail information on monthly CPI next week.

According to the official reports, average annual inflation in 2011 made up 7.9%. The Azerbaijani government forecasts the average annual inflation in 2012 to reach 6%. Meanwhile, the CESD monitoring confirmed 14,0 % inflation for 2011 and the center projects 11,5 %  CPI for 2012.

© CESD, 2012

 

Leave A Comment