Cost of food in Azerbaijan increased 1.70 percent in December of 2018 over the same month in the previous year. Food Inflation in Azerbaijan averaged 6.72 percent from 2010 until 2018, reaching an all time high of 18.27 percent in January of 2016 and a record low of -1 percent in January of 2010.
Food Inflation in Azerbaijan is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Azerbaijan to stand at 5.00 in 12 months time. In the long-term, the Azerbaijan Food Inflation is projected to trend around 4.50 percent in 2020, according to our econometric models.