Inflation, consumer prices in Azerbaijan
Azerbaijan: Inflation, consumer prices was 2.21 in 2024. ◆ Volatile
Latest (2024)
2.21
Change on year
down 74.8%
World rank
43rd
of 70 countries
All-time high
1,662
in 1994
All-time low
-10.63
in 1992
Years of data
33
1992–2024
Inflation, consumer prices in Azerbaijan, 1992–2024
Source: UNICEF.
Analysis
The most recent figure for inflation, consumer prices in Azerbaijan is 2.21, measured in 2024.
That represents a change of down 74.8% on the previous year and up 61.1% over ten years.
Over the whole period, inflation, consumer prices in Azerbaijan peaked at 1,662 in 1994 and was at its lowest, -10.63, in 1992.
That places Azerbaijan 43rd out of 70 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Azerbaijan, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | -10.63 | — |
| 1993 | 1,128 | -10711.4% |
| 1994 | 1,662 | +47.4% |
| 1995 | 411.76 | -75.2% |
| 1996 | 19.79 | -95.2% |
| 1997 | 3.67 | -81.4% |
| 1998 | -0.7727 | -121.0% |
| 1999 | -8.53 | +1003.3% |
| 2000 | 1.8 | -121.2% |
| 2001 | 1.55 | -14.3% |
| 2002 | 2.77 | +79.1% |
| 2003 | 2.23 | -19.4% |
| 2004 | 6.71 | +200.3% |
| 2005 | 9.68 | +44.3% |
| 2006 | 8.33 | -14.0% |
| 2007 | 16.7 | +100.5% |
| 2008 | 20.85 | +24.8% |
| 2009 | 1.46 | -93.0% |
| 2010 | 5.73 | +293.0% |
| 2011 | 7.86 | +37.2% |
| 2012 | 1.07 | -86.4% |
| 2013 | 2.42 | +126.6% |
| 2014 | 1.37 | -43.1% |
| 2015 | 4.03 | +193.3% |
| 2016 | 12.44 | +208.9% |
| 2017 | 12.94 | +4.0% |
| 2018 | 2.27 | -82.5% |
| 2019 | 2.61 | +15.1% |
| 2020 | 2.76 | +5.7% |
| 2021 | 6.65 | +141.0% |
| 2022 | 13.85 | +108.3% |
| 2023 | 8.79 | -36.6% |
| 2024 | 2.21 | -74.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 400.69 | -10.63 | 1,662 | 8 |
| 2000s | 7.21 | 1.46 | 20.85 | 10 |
| 2010s | 5.27 | 1.07 | 12.94 | 10 |
| 2020s | 6.85 | 2.21 | 13.85 | 5 |
Countries ranked near Azerbaijan
More economy & growth data for Azerbaijan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.06 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.42 Percent per annum (2029)
- GNI (current LCU), annual growth rate 2.91 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1.66 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 12,269 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 22.66 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 22.66 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -0.0508 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.096 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 711.72 current US$ per person (2025)
Frequently asked questions
- What is inflation, consumer prices in Azerbaijan?
- Inflation, consumer prices in Azerbaijan was 2.21 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in Azerbaijan?
- The highest recorded value was 1,662 in 1994.
- What is the lowest inflation, consumer prices recorded in Azerbaijan?
- The lowest recorded value was -10.63 in 1992.
- How does Azerbaijan rank for inflation, consumer prices?
- Azerbaijan ranks 43rd out of 70 countries with data for 2024.
- Is 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 UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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