BAKU, Azerbaijan, April 23. Annual inflation
has continued to remain within the target range (4±2 percent) in
Azerbaijan since the last meeting of the Management Board of the
Central Bank of Azerbaijan (CBA), Trend reports via the CBA.
The CBA said that in March 2025, the 12-month inflation rate was
5.9 percent, which is in line with the inflation forecast.
During this period, the annual price increase was 6.5 percent
for food products, 2.8 percent for non-food products, and 7.5
percent for services, and the annual core inflation rate was 4.5
percent, the bank explained.
“In recent months, volatility in external factors affecting
inflation has increased. According to the IMF, in March of this
year, the commodity price index decreased by 2.7 percent monthly
and increased by 2.6 percent annually, while the weighted average
annual inflation of trading partners was 9.6 percent compared to
the same month last year. The nominal effective exchange rate of
the manat in the non-oil and gas sector strengthened by 1.8 percent
in March 2025 compared to the same month last year,” added the
CBA.
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