Azerbaijan Inflation Rate 1992-2022

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Azerbaijan inflation rate for 2021 was 6.65%, a 3.89% increase from 2020.
  • Azerbaijan inflation rate for 2020 was 2.76%, a 0.15% increase from 2019.
  • Azerbaijan inflation rate for 2019 was 2.61%, a 0.34% increase from 2018.
  • Azerbaijan inflation rate for 2018 was 2.27%, a 10.67% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 154.76%
Suriname 59.11%
Turkey 19.60%
Belarus 9.46%
Brazil 8.30%
Dominican Republic 8.24%
Botswana 7.24%
Algeria 7.23%
Armenia 7.18%
Russia 6.69%
Azerbaijan 6.65%
Iraq 6.04%
Jamaica 5.86%
Mexico 5.69%
Romania 5.05%
Guyana 5.03%
Paraguay 4.79%
South Africa 4.61%
Peru 4.27%
Guatemala 4.26%
Serbia 4.09%
Mauritius 4.03%
Namibia 3.62%
Colombia 3.50%
Bulgaria 3.30%
North Macedonia 3.23%
Samoa 3.13%
Malaysia 2.48%
Montenegro 2.41%
St. Lucia 2.41%
Albania 2.04%
Bosnia 1.98%
Costa Rica 1.73%
St. Vincent and the Grenadines 1.57%
Jordan 1.35%
Thailand 1.23%
Grenada 1.22%
China 0.98%
Maldives 0.54%
Dominica 0.52%
Fiji 0.16%
Ecuador 0.13%
Azerbaijan Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2021 6.65% 3.89%
2020 2.76% 0.15%
2019 2.61% 0.34%
2018 2.27% -10.67%
2017 12.94% 0.49%
2016 12.44% 8.42%
2015 4.03% 2.65%
2014 1.37% -1.04%
2013 2.42% 1.35%
2012 1.07% -6.79%
2011 7.86% 2.13%
2010 5.73% 4.27%
2009 1.46% -19.39%
2008 20.85% 4.15%
2007 16.70% 8.37%
2006 8.33% -1.35%
2005 9.68% 2.97%
2004 6.71% 4.48%
2003 2.23% -0.54%
2002 2.77% 1.22%
2001 1.55% -0.26%
2000 1.81% 10.33%
1999 -8.53% -7.75%
1998 -0.77% -4.45%
1997 3.67% -16.12%
1996 19.79% -391.96%
1995 411.76% -1250.46%
1994 1,662.22% 534.22%
1993 1,128.00% 1138.63%
1992 -10.63% 1138.63%