Inflation in Azerbaijan rises 11-fold

Inflation in Azerbaijan rises 11-fold

According to the State Statistics Committee of Azerbaijan, the inflation rate rose 11-fold in December 2015.

In December the country registered a rise in the consumer price index (CPI) of 4.4% versus a rise of 0.4% in November, 0.1% in October, 0.3% in September, a decline of 0.1% in August, 0.7% in July, 1.1% in June, of 0.6% in May and 0.2% in April, a rise of 0.9% in March, 4% in February and 0.2% in January. However, an inflation rate of 7.6% was accumulated in 2015, abc.az reports.

In December prices for foods increased by 4.5%, non-food products by 7.1%, and services by 1.9%.

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