Azerbaijan inflation rate for 2023 was 8.79%, a 5.07% decline from 2022.
Azerbaijan inflation rate for 2022 was 13.85%, a 7.2% increase from 2021.
Azerbaijan inflation rate for 2021 was 6.65%, a 3.89% increase from 2020.
Azerbaijan inflation rate for 2020 was 2.76%, a 0.15% increase from 2019.
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.