Baku, Fineko/abc.az. In February, 2010, moderate inflation processes were registered on an annualized basis in Azerbaijani economics.

The State Statistics Committee informs that in January to February 2010 consumer inflation in Azerbaijan made up 2.8% against January to February 2009 (year-on-year). In February, inflation totaled 1.1% versus January 2010 and accumulated from the beginning of the year its level reached 1.6%.

The government’s forecasts concerning inflation for 2010 differ strongly.

The official forecast supposes that inflation will be no more than 3%, but some “apocryphal” predictions admit inflation surge up to 5-7%.

In 2009 country’s consumer inflation reached 1.5% against 2008 and last December 0.8% versus November 2009.

In February, 201, growth of wholesale industrial price index totaled 0.3% versus January 2010 (9.1% has been accumulated over the current year so far)  and 76.2% year-on-year (January to February against January to February). Such a burst is linked with price increase 2.08-fold in oil and gas sector year-on-year that is, for the time being, the question is not “inflation of costs” as a basis for burst of consumer inflation.

In December 2009 rise of wholesale price index was 0.3% against November and year-on-year decline of wholesale prices for 2009 versus 2008 made up 19.2%.

In February, food prices increased by 0.6% against January (2.8% has been accumulated over 2010),  and declined by 0.7% year-on-year. Last December these prices grew by 1.4% versus November 2009 and during  entire 2009 decreased by 1.5% against the 2008 index.

In February, 2010, prices for farm products rose by 0.5% against January (0.7% has been accumulated over 2010), but dropped by 3.8% year-on-year. In December, their growth versus last November was 1%, and for whole 2009 it reached 0.3% against the 2008 figure.

Since June, 2009, SSC has ceased publishing data on money circulation.

17.03.2010 14:28