Annual inflation, consumer prices in Azerbaijan
Azerbaijan: Annual inflation, consumer prices was 2.2% in 2024. ◆ Volatile
Annual inflation, consumer prices in Azerbaijan, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual inflation, consumer prices in Azerbaijan is 2.2%, measured in 2024.
The figure is down 74.8% on the previous year and up 61.1% over ten years.
Over the whole period, annual inflation, consumer prices in Azerbaijan peaked at 20.8% in 2008 and was at its lowest, 1.1%, in 2012.
Azerbaijan ranks 142nd of 203 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual inflation, consumer prices in Azerbaijan, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.8% | — |
| 2001 | 1.5% | -14.3% |
| 2002 | 2.8% | +79.1% |
| 2003 | 2.2% | -19.4% |
| 2004 | 6.7% | +200.3% |
| 2005 | 9.7% | +44.3% |
| 2006 | 8.3% | -14.0% |
| 2007 | 16.7% | +100.5% |
| 2008 | 20.8% | +24.8% |
| 2009 | 1.5% | -93.0% |
| 2010 | 5.7% | +293.0% |
| 2011 | 7.9% | +37.2% |
| 2012 | 1.1% | -86.4% |
| 2013 | 2.4% | +126.6% |
| 2014 | 1.4% | -43.1% |
| 2015 | 4.0% | +193.3% |
| 2016 | 12.4% | +208.9% |
| 2017 | 12.9% | +4.0% |
| 2018 | 2.3% | -82.5% |
| 2019 | 2.6% | +15.1% |
| 2020 | 2.8% | +5.7% |
| 2021 | 6.7% | +141.0% |
| 2022 | 13.9% | +108.3% |
| 2023 | 8.8% | -36.6% |
| 2024 | 2.2% | -74.8% |
Azerbaijan compared with similar countries
- Azerbaijan's 2.2% is below the median for upper middle income countries, which is 3.1%, 72% of the median. (52 countries reporting)
- Azerbaijan's 2.2% is below the median for Europe & Central Asia, which is 2.8%, 80% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.2% | 1.5% | 20.8% | 10 |
| 2010s | 5.3% | 1.1% | 12.9% | 10 |
| 2020s | 6.9% | 2.2% | 13.9% | 5 |
Countries ranked near Azerbaijan
More development goals data for Azerbaijan
- Red List Index 0.9458 index (2025)
- Number of refugees per 100,000 population, by country of origin 1,388 per 100,000 people (2025)
- Manufacturing value added per capita 348.84 constant US$ (2025)
- Number of transboundary breeds 35 (2025)
- Number of transboundary breeds (not extinct) 35 (2025)
- Number of transboundary breeds with unknown risk status 34 (2025)
- Number of local breeds with unknown risk status 52 (2025)
- Number of local breeds (not extinct) 54 (2025)
- Number of local breeds kept in the country 58 (2025)
- Infant deaths 1,535 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Azerbaijan?
- Annual inflation, consumer prices in Azerbaijan was 2.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Azerbaijan?
- The highest recorded value was 20.8% in 2008.
- What is the lowest annual inflation, consumer prices recorded in Azerbaijan?
- The lowest recorded value was 1.1% in 2012.
- How does Azerbaijan rank for annual inflation, consumer prices?
- Azerbaijan ranks 142nd out of 203 countries with data for 2024.
- Is annual inflation, consumer prices rising or falling in Azerbaijan?
- Over the last ten years it is up 61.1%. The long-run trend across the full record is volatile.
- Where does this Azerbaijan data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
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