Azerbaijan Inflation Rate 1992-2024
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 2023 was 8.79%, a 5.07% decline from 2022.
- Azerbaijan inflation rate for 2022 was 13.85%, a 7.2% increase from 2021.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
8.79% |
-5.07% |
| 2022 |
13.85% |
7.20% |
| 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% |
