Inflation in Azerbaijan

Azerbaijan Inflation | Economic News & Forecasts

Azerbaijan - Inflation

Growth lost steam in the second quarter, following a healthy oil sector-driven expansion at the outset of the year. Faltering crude production weighed on overall industrial output growth in the quarter, largely offsetting gains from a surge in natural gas production. Moreover, lower crude shipments dented the external sector’s performance, bringing merchandise export growth to a near standstill in H1. This, in turn, seemingly resulted in crumbling oil export income and likely dragged on government revenue in the quarter. On a more positive note, non-oil sector activity remained healthy in Q2. Retail sales accelerated a notch, amid a more accommodative monetary policy environment, which points to robust consumer demand. On top of that, agricultural output and industrial production excluding oil and gas rose considerably in Q2.

Azerbaijan - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.4  1.4  4.0  12.4  12.9  

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Azerbaijan Inflation Chart

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

Azerbaijan Facts

Exchange Rate1.70-0.66 %Jul 31
Stock Market0.10.0 %Jul 31

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