The annual inflation rate in Azerbaijan dropped to 2.3 percent in November 2018 from 2.4 percent in the previous month. It is the lowest inflation rate since February 2015. Inflation Rate in Azerbaijan averaged 7.47 percent from 2007 until 2018, reaching an all time high of 25.40 percent in June of 2008 and a record low of -1.80 percent in June of 2009.
Inflation Rate in Azerbaijan is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Azerbaijan to stand at 2.50 in 12 months time. In the long-term, the Azerbaijan Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.