Inflation in Azerbaijan

Azerbaijan Inflation | Economic News & Forecasts

Azerbaijan - Inflation

GDP expanded 5.3% year-on-year in the January-November period, accelerating from the 4.9% increase registered in January-October. Faster growth in retail trade and the industrial sector buttressed the economy. On the external trade front, in late December the country signed five agreements with Turkey, in a bid to boost power generation. Meanwhile, the IMF concluded an Article IV consultation with the country on 23 December. The Fund highlighted the suitable fiscal response to the pandemic, but encouraged the government to launch a growth-friendly fiscal consolidation strategy this year. Moreover, it noted that impediments to private sector growth and job creation should be removed to diversify the economy. On the military front, following a ceasefire with Armenia in mid-November, Azerbaijan handed over several captured Armenian soldiers in December in a further sign of easing tensions.

Azerbaijan - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.0  12.4  12.9  2.3  2.6  

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Azerbaijan Inflation Chart

Azerbaijan Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).

Azerbaijan Facts

Value Change Date
Exchange Rate1.70-0.66 %Jan 01
Stock Market0.10.0 %Jan 07

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