inflation
Azerbaijan’s 2027 budget assumes 5.3% average inflation and $65 oil
The draft also uses an exchange rate of AZN 1.70 per US dollar. The oil price is a budget assumption, not a target.
Incomes rose 9.6%. Why does the gain feel smaller at the checkout?
Adjusting aggregate income growth for consumer inflation gives roughly 3.7%. We show the calculation and why it does not describe every household.
Azerbaijan's Central Bank: $10 Oil Rise Adds $1.2 Billion to Current Account Surplus
Central Bank Governor Taleh Kazimov explains how changes in oil and gas prices affect Azerbaijan's current account surplus and inflation.
Azerbaijan's Central Bank Confirms Inflation Forecast for 2026–2027
The Central Bank of Azerbaijan maintains its average annual inflation forecast at 6.1% for 2026 and 5.8% for 2027, according to Governor Taleh Kazimov.
ING: $10 Rise in Oil Prices to Add 2-4% to Azerbaijan's GDP
ING Group analysts assessed the impact of oil prices on the economies of the CIS-4 countries. For Azerbaijan and Kazakhstan, every additional $10 per barrel adds 2-4% of GDP to exports.
US Inflation Accelerates to 3.7% in September
Annual US inflation rose to 3.7% in September from 3.4% a month earlier, exceeding analyst expectations. The main driver was higher energy prices.
IMF Expects Azerbaijan's Inflation to Slow to 5.6% by 2027
According to a new IMF report, inflation in Azerbaijan will decline from 5.8% in 2026 to 5.6% in 2027. The 2026 forecast was revised downward.
Food is becoming more expensive faster than its real sales are growing
For January–August 2026, food inflation (6.9%) outpaced the overall CPI (5.7%), while real sales growth for this group was only 1.4% — a divergence between price and physical sales volume.
IMF and World Bank to Discuss War and Debt Crisis Risks in Bangkok
The IMF and World Bank annual meetings will be held outside Washington for the first time in three years — in Bangkok from October 12 to 18. Key topics include the Middle East conflict, energy security, inflation and record sovereign debt.
Wages and Food Prices: A 7.2% Coincidence
Nominal wages in Azerbaijan rose by 7.2% over January–July 2026, and food inflation in August year-on-year was the same 7.2% — but the periods do not coincide.
Azerbaijan's Inflation Reaches 5.7% by End of September 2026
Azerbaijan's average annual inflation at the end of September 2026 was 5.7%, according to the State Statistics Committee. The Ministry of Economy's forecast for 2026 is also 5.7%.
Russia's Weekly Inflation Accelerates to 0.96% on Utility Tariff Indexation
Inflation in Russia from September 29 to October 5 reached 0.96%, up from 0.12% a week earlier. The acceleration was driven by the indexation of utility tariffs from October 1.
Azerbaijan's Central Bank Keeps Policy Rate at 6.5%
The Central Bank of Azerbaijan left its policy rate unchanged at 6.5%, lowering the lower bound of the interest rate corridor to 5% while keeping the upper bound at 7.5%.
Azerbaijan's Central Bank to Announce Interest Rate Corridor Parameters on September 23
The Central Bank of Azerbaijan has announced that its next decision on the interest rate corridor will be published on September 23. Decisions will be based on inflation forecasts, macroeconomic scenarios and the situation in the foreign exchange market.
Average salary of 1,176.7 manats: who does it describe?
January–July wages and the structure of paid employment as of 1 August show different sides of the labour market. Why 1,176.7 manats is not a ready-made benchmark for hiring.
Average Salary Rose 7.2% — But the Real Gain Is Far More Modest
From January to July 2026, the average salary grew by about 1.4% after adjusting for prices. For the food group, the remaining purchasing power is even smaller.
Fed Raises Rates for First Time Since 2023, to 3.75–4%
The Fed raised rates for the first time since July 2023, by 25 basis points to 3.75–4%. The unanimous decision came amid persistently high inflation; markets saw it as a hawkish signal.
Russia's Inflation Accelerates to 6.33% in August
Annual inflation rose to 6.33% in August from 5.98% in July, while consumer prices fell 0.08% month-on-month. The central bank kept its key rate at 14%.
Bitcoin Rises 1.9% After US Inflation Data
Bitcoin climbed to $78,914.6 after US inflation data matched forecasts, but gains were capped by US-Iran tensions.
Global Smartphone Prices Rise 15% Due to Memory Chip Costs
Average global smartphone prices have risen 15% since the start of the year due to higher memory chip costs. Over 40% of models have become more expensive, a first for the industry.
Global Food Prices Hit Highest Level Since November 2022
The FAO Food Price Index rose to 133.3 points in August, the highest since November 2022. All commodity groups saw increases, with sugar prices surging the most.
Central Bank of Azerbaijan Develops Index for Early Forecasting of Food Inflation
A study by the Central Bank of Azerbaijan shows that a new index of imported food prices can signal changes in consumer prices two months in advance.
Iran's Central Bank Chief Denies Rumors of Economic Collapse
Abdolnaser Hemmati stated that Iran's economy is not on the brink of collapse and that reserves are sufficient. The Central Bank is ready to allocate $2 billion to the foreign exchange market.
Weekly inflation in Russia slows to 0.01% after three weeks of deflation
From August 18 to 24, consumer prices in Russia rose by 0.01% after three weeks of decline, according to Rosstat. Annual inflation slowed to 6.08%.