Annual inflation in Azerbaijan falls below 11%

The consumer price index for January-September 2023 compared to the same period in 2022 amounted to 110.9% including 112.4% for food products, drinks and tobacco products, 110.1% for non-food products, 109.6% for paid services to the population, Report informs, citing the country’s State Statistics Committee.

The consumer price index in September 2023 amounted to 100.3% m-o-m and 105.1% y-o-y.

In September 2023, the consumer price index for food, beverages and tobacco products was 100.6% compared to the previous month, and 104.5% compared to September last year.

The consumer price index for non-food products last month was 100.1% compared to the previous month, and 105.9% compared to September last year.

At the same time, the consumer price index for paid services provided to the population amounted to 100% compared to August, and 105.4% compared to September 2022.

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