Consumer prices in Azerbaijan rose 0.6 percent month-over-month in February 2019, up from a 0.2 percent increase in the previous month. Prices went up faster for food, drinks and tobacco (1.1 percent vs 0.9 percent in January) while they slowed for non-food products (0.1 percent vs 0.2 percent) and services (0.2 percent vs 0.8 percent). On a yearly basis, inflation rose to 1.9 percent from 1.7 percent in the previous month. Inflation Rate Mom in Azerbaijan averaged 0.54 percent from 1995 until 2019, 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 0.60 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 0.90 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.