Inflation Azerbaijan 2008
Average inflation: 20.9%
Current Inflation
Inflation is very high at 20.9%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 25.4%. The lowest inflation was in January at 15.3%.
- Highest month
- June: 25.4%
- Lowest month
- January: 15.3%
- Difference
- 10.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 29.4%. The lowest price increase was in Energy with an average of 1.2%.
- Highest increase
- Food: 29.4%
- Lowest increase
- Energy: 1.2%
Historical Context
Current inflation is 5.6% higher than the 5-year average of 15.3%. This approaches the highest level since records began (20.9% in 2008).
- 5-year average
- 15.3%
- 10-year average
- 15.3%
- All-time high (2008)
- 20.9%
- All-time low (2006)
- 8.3%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +4.2 percentage point.
- Change vs. previous year
- +4.2 percentage points
- Largest monthly swing
- June: +10.6 percentage points
ECB Target
Inflation is 18.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €120.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 15.3% | -1.7 |
| February | 16.1% | -0.4 |
| March | 18.3% | +1.9 |
| April | 21.5% | +5.5 |
| May | 24.6% | +9.3 |
| June | 25.4% | +10.6 |
| July | 24.9% | +9.6 |
| August | 24.0% | +7.7 |
| September | 23.8% | +7.4 |
| October | 22.4% | +5.2 |
| November | 18.8% | -0.5 |
| December | 15.5% | -4.1 |
| Average | 20.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.