Inflation in Azerbaijan
Azerbaijan - InflationThe economy grew 3.6% in the January-August period compared to the same period of 2020, accelerating from the 2.7% increase recorded in January-July. The non-oil sector continued to lead the upturn, increasing by close to 6.0% in the first eight months of the year. Industrial production growth gained considerable steam, underpinning the recovery, while capital spending slid at a softer rate in year-on-year terms in August. Additionally, nominal income dynamics improved for the fourth consecutive month, translating into a further acceleration in retail sales growth. Meanwhile, Azerbaijani oil prices hit a two-year high in late September, boding well for the country’s important oil sector, while efforts are underway to guarantee the full operation of the Baku-Tbilisi-Kars railway project, which could boost trade and tourism ahead.
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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