Azerbaijan remained a country with one of the
lowest inflation rates in the CIS in the first eight months of the year.
Consumer prices in Azerbaijan
during the reporting period grew 2.4% compared to last year, according to
figures from the CIS Interstate Statistical Committee.
Armenia posted deflation of 0.2% during
January to August.
By far the highest
inflation was in Belarus –
53.6%, while inflation in Tajikistan
was 8.5%, Kazakhstan 5.9%, Kyrgyzstan 5.6%, Moldova
4.8%, Russia 4.7% and Ukraine 4.1%.
The CIS Statistical
Committee says that since the beginning of the year the overall consumer price
inflation in the CIS countries was 6.6%, whereas it was 5% over the same period
in 2010.
Methods of calculating
inflation vary between different institutions.
According to figures from Azerbaijan's
State Statistical Committee, consumer prices increased 8.5% in January to
August this year. A non-governmental organization, the Economic Research
Centre, used an alternative method to calculate that consumer prices rose
16.44% in Azerbaijan
during the reporting period.