Azerbaijan Inflation Rate 1992-2020

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Azerbaijan inflation rate for 2019 was 2.61%, a 0.34% increase from 2018.
  • Azerbaijan inflation rate for 2018 was 2.26%, a 10.68% decline from 2017.
  • Azerbaijan inflation rate for 2017 was 12.94%, a 0.49% increase from 2016.
  • Azerbaijan inflation rate for 2016 was 12.45%, a 8.44% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Iran 39.91%
Turkey 15.18%
Belarus 5.60%
Kazakhstan 5.25%
Russia 4.47%
South Africa 4.12%
Jamaica 3.91%
Romania 3.83%
Brazil 3.73%
Namibia 3.73%
Guatemala 3.70%
Mexico 3.64%
Colombia 3.53%
Bulgaria 3.10%
Lebanon 3.01%
China 2.90%
Botswana 2.77%
Paraguay 2.76%
Azerbaijan 2.61%
Gabon 2.46%
Peru 2.14%
Costa Rica 2.10%
Guyana 2.09%
Algeria 1.95%
Serbia 1.85%
Dominican Republic 1.81%
Fiji 1.77%
Armenia 1.44%
Albania 1.41%
Equatorial Guinea 1.24%
Samoa 0.98%
North Macedonia 0.77%
Jordan 0.76%
Thailand 0.71%
Malaysia 0.66%
Bosnia 0.56%
Mauritius 0.41%
Ecuador 0.27%
Maldives 0.22%
Azerbaijan Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2019 2.61% 0.34%
2018 2.26% -10.68%
2017 12.94% 0.49%
2016 12.45% 8.44%
2015 4.01% 2.62%
2014 1.39% -1.03%
2013 2.42% 1.35%
2012 1.07% -6.78%
2011 7.85% 2.12%
2010 5.73% 4.27%
2009 1.46% -19.37%
2008 20.84% 4.18%
2007 16.66% 8.33%
2006 8.33% -1.35%
2005 9.68% 2.97%
2004 6.71% 4.48%
2003 2.23% -0.54%
2002 2.77% 1.22%
2001 1.55% -0.26%
2000 1.81% 10.33%
1999 -8.53% -7.75%
1998 -0.77% -4.45%
1997 3.67% -16.12%
1996 19.79% -391.96%
1995 411.76% -1250.46%
1994 1,662.22% 534.22%
1993 1,128.00% 1138.63%
1992 -10.63% 1138.63%