Inflation Azerbaijan 2021
Average inflation: 6.6%
Current Inflation
Inflation is very high at 6.6%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 12.0%. The lowest inflation was in January at 3.3%.
- Highest month
- December: 12.0%
- Lowest month
- January: 3.3%
- Difference
- 8.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 15.6%. The lowest price increase was in Food with an average of 8.2%.
- Highest increase
- Energy: 15.6%
- Lowest increase
- Food: 8.2%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 5.5%.
- 5-year average
- 5.5%
- 10-year average
- 4.9%
- All-time high (2008)
- 20.9%
- All-time low (2012)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +3.8 percentage point.
- Change vs. previous year
- +3.8 percentage points
- Largest monthly swing
- December: +9.4 percentage points
ECB Target
Inflation is 4.6% 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 €106.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 3.3% | +0.6 |
| February | 4.2% | +1.3 |
| March | 4.1% | +0.8 |
| April | 4.3% | +1.3 |
| May | 4.9% | +2.0 |
| June | 4.7% | +1.7 |
| July | 6.0% | +3.3 |
| August | 6.7% | +3.9 |
| September | 8.5% | +5.9 |
| October | 10.0% | +7.7 |
| November | 11.1% | +8.7 |
| December | 12.0% | +9.4 |
| Average | 6.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.