Annual inflation rate nears 5% in Azerbaijan

Compared to last year's same period, the consumer prices index (CPI) made up 104.5% in January-July 2021, food products, drinks, and other products - 105.1%, non-food products - 104.1%, and paid services - 103.9%, Report informs.

According to the State Statistical Committee, in July, the consumption prices stood at 100.9% compared to the previous month, at 106% in contrast to July 2020.

In July 2021, the prices of food products, drinks, and tobacco products were 100.3% against the previous month, 106.4% in contrast with 2020.

The prices of non-food products accounted for 100.2% compared to June 2021, 104.8% compared with July 2020.

The prices of paid services accounted for 102.1% compared to a month earlier, for 106.2% compared with July 2020.