Annual inflation in Azerbaijan falls below 12%

The consumer price index for January-August 2023 compared to the same period in 2022 amounted to 111.7%, including for food products, drinks and tobacco products - 113.4%, non-food products - 110.6%, paid services to the population - 110.2%, Report informs, citing the country’s State Statistics Committee.

The consumer price index in August 2023 compared to the previous month was 99.6%, compared to August last year - 108%.

In August 2023, the consumer price index for food, beverages and tobacco products was 99.1% compared to the previous month and 107.4% compared to August 2022.

The consumer price index for non-food products last month was 100% compared to the previous month, 108.3% compared to August 2022.

The consumer price index for paid services to the population amounted to 100.1% compared to July, and 108.9% compared to the same period last year.