Azerbaijan Inflation Rate 1992-2024

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 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.
  • Azerbaijan inflation rate for 2019 was 2.61%, a 0.34% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Turkey 72.31%
Suriname 52.45%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Bosnia 14.02%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Maldives 2.33%
China 1.97%
Azerbaijan Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 13.85% 7.20%
2021 6.65% 3.89%
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%