Monetary Inflation in Azerbaijan 2-Fold Less than Consumer Inflation
OREANDA-NEWS. The State Statistics Committee of Azerbaijan has published the next monthly data on basic consumer price index (CPI) in Azerbaijan: for January 2013 monetary inflation (core inflation) turned out to be 2-fold less than year-on–year consumer inflation.
The Committee informs that in January 2013 basic CPI rose by 0.1% and year-on-year by 0.4%. This year growth of accumulated basic CPI has reached 0.1%.
This January the CPI base index grew by 1.2% and year-on-year by 0.8%.
Wholesale industrial prices for January rose by 2.6%, but decreased by 0.1% year-on-year. Defining for them wholesale prices in oil and gas sector in January rose by 3.1% with a decrease of 2.4% over the past 12 months.
The Committee says that basic index is calculated on the basis of a complex of consumer goods and services in the course of estimation of overall CPI.
Calculations do not cover prices and types of services, regulated by the government and goods depending on seasonal factors (fruits and vegetables).
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