Consumer prices in Azerbaijan rose 0.6 percent month-over-month in November 2018, up from a 0.2 percent increase in the previous month. It is the highest monthly inflation since August, as prices rose faster for food (1.2 percent vs 0.2 percent in October). Meanwhile, monthly inflation was steady for non-food products (0.2 percent) and services (0.1 percent). On a yearly basis, inflation rate eased to 2.3 percent from 2.4 percent in October, hitting the lowest level since February 2015. Inflation Rate Mom in Azerbaijan averaged 0.54 percent from 1995 until 2018, reaching an all time high of 12.50 percent in February of 1995 and a record low of -5.93 percent in December of 1998.
Inflation Rate Mom in Azerbaijan is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Azerbaijan to stand at 0.70 in 12 months time. In the long-term, the Azerbaijan Inflation Rate MoM is projected to trend around 1.00 percent in 2020, according to our econometric models.