Alternative inflation rate for 2022 in Azerbaijan announced

Center for Economic and Social Development (CESD) concluded its macro-economic survey results for 2022. 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 indicated period, the annual inflation rate was 24.6 %.  Meanwhile, the official inflation rate for the same period was 13.9 % according to the State Statistics Committee of Azerbaijan.

@ CESD, 2023