Azerbaijan CPI Rises the Most in 8 Months

The CPI in Azerbaijan increased 0.9% month-over-month in September 2026, the most in eight months, following a 0.2% rise in August. Prices for food, alcoholic beverages and tobacco products went up 1.4%, with cost for buckwheat, beef, mutton and chicken, fresh and frozen fish, eggs, plums, peaches, chestnuts, greens, cucumbers, tomatoes, sweet peppers, eggplant, green beans, carrots, onions and potatoes rising. Prices for non-food products increased 0.4%, led by clothing, paint, sawn wood, furniture, laptops and tablet computers while prices for jewelry decreased. Year-on-year, the CPI rose 5.5%, slightly less than 5.7% in August.

Consumer prices in Azerbaijan rose by 0.2% month-over-month in August 2026, rebounding from a 0.1% fall in the previous month. The recovery was largely driven by higher costs of food products, which increased by 0.3% after declining 0.4% in July, particularly for meat and fish goods. Non-food prices also rose (0.1% vs 0%), as higher costs of wallpaper, bricks, plasterboard, electrical equipment, personal hygiene products and jewelry outweighed lower prices of summer clothing, detergents and cleaning products, personal computers and tablets. Meanwhile, inflation remained steady for services at 0.2%, driven by increased prices for leisure tours and international passenger air transport services. On an annual basis, consumer prices rose by 5.7% in August, following a 5.8% gain in the preceding period.

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.