16:45 - 27.03.2024

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March 27, Fineko/abc.az. Imported inflation in Azerbaijan decreased in January 2024.

The price index for imported inflation in December 2023 fell to 15.1% in January 2024, compared with 16.7% year-on-year, ABC.AZ reports with reference to the State Statistics Committee.

The largest increase accounted for pearls, precious or ornamental stones, precious metals, and products made from them. These products showed an increase of 81.3%. Fats and oils of animal or vegetable origin and their breakdown products, on the contrary, fell in price by 15.4%.

Imported inflation is inflation that occurs as a result of rising import prices and a significant inflow of foreign currency into the country.