Inflation reached 8.8% in Azerbaijan

12:39 - 15.01.2024


January 15, Fineko/abc.az. The average annual inflation rate at the end of 2023 was 8.8% against 13.9% at the end of 2022.

ABC.AZ reports with reference to the State Statistics Committee that at the same time, the average annual increase in prices for food products made up 9.6%, non-food products by 8.4%, services by 8.2%.

In December 2023, inflation was 2.1% compared with December 2022. At that, food products in December 2023 increased in price by 0.8% versus December 2022, non-food products by 2.7%, services by 3.7%.