Inflation rate in Azerbaijan made up 2.6 percent in September

Inflation rate in Azerbaijan made up 2.6 percent in September
  • Clock-gray 12:27
  • calendar-gray 22 November 2019

In September the prices of consumption goods and services increased by 2,6 % compared to the same period of the previous year and this is a lower figure from the 4±2 percentage target of Azerbaijan Central Bank, according to Azerbaijan Monthly Economic Update - November 2019 report of World Bank (WB), APA-Economics reports.

Recalling that Azerbaijani Government forecasted that the inflation will be 3,8 % by the end of the current year.

According to the report, the prices of food products increased by 5 % in September compared to the same period of the previous year, the inflation on prices of non-food products remained unchanged.

The report states that as a response to this, in October, the executive board of CB has adopted a decision decreasing the interest rate by 25 base points to lower from 8,00% to 7,75%.

Mirsaid Ibrahimzade

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