Wednesday September 12 2018
Azerbaijan Inflation Rate MoM at 0.90 percent
Inflation rate in Azerbaijan increased to 0.9 percent month-over-month in August of 2018 from 0.6 percent in July. Prices advanced faster for services (2.2 percent from 0.1 percent in July), mainly due to higher costs associated with cleaning, repair & renting of clothes; repair & washing of cars; transportation, education fees and rent. Meanwhile, inflation rate was steady for non-food products at 0.1 percent. In contrast, food products cost slowed sharply (0.3 percent from 1.5 percent), as prices dropped for flour, beef, sheep, chicken, eggs, fish products, butter, vegetable oil, sugar, greens, tomatoes, cucumbers, potatoes, coffee & tea, pasta, pears, watermelons, oysters, grapes, eggplant and onions.