Inflation in Azerbaijan
Azerbaijan - InflationThe economy grew 4.8% in the January-September period compared to the same period of 2020, accelerating from the 3.6% increase registered in January-August. The non-oil sector continued to lead the recovery, expanding by over 6.0% in the first nine months of the year. Industrial production growth sped up again in the period, while capital spending contracted at a milder pace in year-on-year terms. On top of this, nominal income dynamics improved for the fifth consecutive month. Meanwhile, on the foreign policy front, in October the government signed agreements on trade and economic cooperation with both Mongolia and Slovakia, in order to boost the country’s trade links. It also signed a deal to provide Turkey with gas from the offshore Shah Deniz I field, which will allow Azerbaijan to resume gas supply following the expiration of the previous contract in April.
Azerbaijan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.0||12.4||12.9||2.3||2.6|
5 years of economic forecasts for more than 30 economic indicators.
Azerbaijan Inflation Chart
|Exchange Rate||1.70||-0.66 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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