10.Aug .2022 13:00

Annual inflation rate reaches 13% in Azerbaijan

Annual inflation rate reaches 13% in Azerbaijan
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Consumer price index in January-June 2022 compared to January-June 2021 became 112,9%, including food products, beverages and tobacco products 118,4%, non-food products 106,7% and paid services provided to the population 110,3%, states an updated data of the State Statistical Committee of the Republic of Azerbaijan.

In June of the current year, the consumer price index was 99,9% compared with the previous month and 114,2% compared with June of the previous year.

In June 2022, the consumer price index for food products, beverages and tobacco products became 99,0% compared with the previous month, 120,6% compared with June of the previous year.

In June of the current year compared to the previous month, more increasing was observed in prices of food products such as macaroni products, rice, waffle, biscuit, semolina, sausage products, chicken meat, cheese, sweetened condensed milk, cottage cheese, egg, sunflower and corn oil, apple, kiwi, lemon, sugar and sugar powder, candies, coffee, mineral waters, lemonade, beer, tobacco products while the decreasing was mainly noticed in the prices of beef, banana, cherry, apricot, cucumber, tomato, cabbage, pepper, eggplant, blue bean, potato, onion and garlic. No significant changes were observed in prices of other food
products.

In June 2022, consumer price index for non-food products reached 100,5% compared to the previous month, 107,4% compared to June of the previous year. In June of the current year, compared with the previous month, more increasing was observed in prices of nonfood products such as clothing and footwear, furniture, household appliances, synthetic detergents in powder form, soaps, shampoo, toothpastes and deodorants while the decreasing was mainly noticed in the prices of cut wood. No significant changes were noticed in prices of other non-food products.

In June 2022, consumer price index for paid services provided to population was 100,7% compared to the previous month, 110,9% compared to June of the previous year. In June of the current year compared to previous month, more increasing in prices of paid services provided to population was observed in the prices of rental fees of apartments, repair of apartments, furniture and household appliances, changing engine oil of cars, public catering and passenger transportation services by air transport. No significant changes were observed in prices of other paid services.