Azerbaijan Monthly Inflation Declines

Azerbaijan’s consumer prices fell 0.1% month-on-month in July 2026, following a sharper 0.3% decline in June. The slower decline was reflected in food, alcoholic beverages and tobacco prices, which fell 0.4% after decreasing 0.7% in the previous month. Food prices alone declined 0.4%, compared with a 0.8% drop in June, mainly due to lower prices for vegetables and fruit, while egg prices increased. Meanwhile, non-food prices were unchanged after rising 0.1% in June, as higher prices for paint, passenger car spare parts and engine oils were offset by lower jewelry prices. Prices for paid services rose 0.3%, following a 0.1% rise in June, driven by higher apartment rents, domestic leisure tours and catering services. On an annual basis, consumer prices rose by 5.8% in July, the same pace as in the preceding period and still the highest reading since October last year.

Azerbaijan's consumer prices fell 0.3% month-on-month in June 2026, reversing a 0.1% increase in May. The decline was primarily driven by a 0.7% drop in prices for food, alcoholic beverages, and tobacco, following a 0.1% decrease in the previous month. Food prices alone fell 0.8%, mainly reflecting lower prices for fresh fish, eggs, and fruit. Meanwhile, non-food prices rose 0.1% for a second consecutive month, supported by higher prices for furniture, motor oil, passenger cars, and mobile phones, although cheaper household appliances partly offset these increases. Services prices also edged up 0.1%, driven by higher costs for international air transport and domestic tour packages. On an annual basis, inflation accelerated to 5.8% in June from 5.6% in May, reaching its highest level in eight months.

Azerbaijan's monthly inflation eased to 0.1% in May 2026, slowing for a fourth consecutive month and marking the lowest level in ten months, down from 0.3% in April. Contributing to the slowdown was a cooling in food inflation, which declined by 0.1% after a 0.3% increase in the prior month, namely buckwheat, beef and mutton, sausage and cheese products. Inflation for alcoholic beverages stood at 0.2% and tobacco prices remained unchanged. Non-food products also moderated, increasing 0.1% following 0.2% increase, mainly for paint, plastic pipes, detergents and personal hygiene products. Meanwhile, paid services prices eased to 0.2% from 0.3%, despite price increases for international passenger transportation services by air. On an annual basis, consumer prices increased 5.6%, slightly up from 5.5% in April.