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 the April in 2016. According to the CESD price collection survey which covers the capital city and selected districts in rural Azerbaijan, annual inflation was 15.3 % in April 2016.

Monthly inflation in April was 1.1 % compared to the previous month. Meanwhile, the State Statistics Committee announced that monthly inflation 0.2% in April and annual inflation rate was 10.5% for the same period.

According to the committee, n April CPI rose 0.2% month-to-month versus 0.4% in March. As a result, consumer inflation of 6.8% has accumulated for the current year. Food prices rose by 12.2% year-on-year and by 0.1% in April, nonfood prices by 15.2% and 0.5%, respectively, tariffs for services by 4.2% and 0% (zero growth). However, CESD survey concluded that food price rose by 15.1 % in the first 4 months of 2016.

© CESD, 2016

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