Azerbaijan annual inflation reaches 5.2% in October

Consumer prices in Azerbaijan were 5.2% higher in October than a year earlier and rose 0.3% from September, the State Statistical Committee reported.

Annual inflation reached 6.7% for food, beverages and tobacco, compared with 3.4% for non-food goods and 4.7% for services. Average consumer prices over January-October increased 5.6% from the equivalent period last year.

Different comparison periods

The October annual rate and the ten-month average answer different questions. The former compares two individual months, while the latter compares prices across a longer period. Neither should be substituted for the other when assessing a particular expense.

A household’s experience can also differ from the national index. Its own spending mix determines the impact: a larger share of faster-rising items creates greater pressure on that household’s budget.