Azerbaijan’s average annual inflation slows down to 13.1%

Tokyo, 13 June, /AJMEDIA/

The consumer price index (CPI) in Azerbaijan increased by 13.1 percent from January through May 2023 on annual basis, AJMEDIA reports.

As of late April 2023, this figure amounted to 13.5 percent.

According to the State Statistical Committee of the Republic of Azerbaijan, food, beverage, and tobacco prices went up by 15.8 percent, while non-food products – by 11.6 percent. Meanwhile, paid services rendered to the population rose by 10.6 percent.

The country’s CPI in May 2023 decreased by 0.4 percent compared to the previous month and grew by 11.5 percent year-on-year.

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