Azerbaijan Inflation Rate 1992-2021

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 2020 was 2.76%, a 0.15% increase from 2019.
  • Azerbaijan inflation rate for 2019 was 2.61%, a 0.34% increase from 2018.
  • Azerbaijan inflation rate for 2018 was 2.27%, a 10.67% decline from 2017.
  • Azerbaijan inflation rate for 2017 was 12.94%, a 0.49% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 84.86%
Turkey 12.28%
Kazakhstan 6.75%
Belarus 5.55%
Jamaica 5.23%
Equatorial Guinea 4.77%
Dominican Republic 3.78%
Mexico 3.40%
Russia 3.38%
South Africa 3.22%
Guatemala 3.21%
Brazil 3.21%
Azerbaijan 2.76%
Romania 2.63%
Mauritius 2.58%
Colombia 2.52%
China 2.42%
Algeria 2.42%
Namibia 2.21%
Botswana 1.89%
Peru 1.83%
Paraguay 1.77%
Bulgaria 1.67%
Albania 1.62%
Serbia 1.58%
Gabon 1.37%
Armenia 1.21%
North Macedonia 1.20%
Costa Rica 0.72%
Jordan 0.33%
Montenegro -0.26%
Ecuador -0.34%
Thailand -0.85%
Bosnia -1.05%
Malaysia -1.14%
Maldives -1.37%
Samoa -1.57%
Azerbaijan Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2020 2.76% 0.15%
2019 2.61% 0.34%
2018 2.27% -10.67%
2017 12.94% 0.49%
2016 12.44% 8.42%
2015 4.03% 2.65%
2014 1.37% -1.04%
2013 2.42% 1.35%
2012 1.07% -6.79%
2011 7.86% 2.13%
2010 5.73% 4.27%
2009 1.46% -19.39%
2008 20.85% 4.15%
2007 16.70% 8.37%
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%