Azerbaijan has second lowest inflation in CIS

Azerbaijan has second lowest inflation in CIS

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.

Bütün xəbərlər Facebook səhifəmizdə