Inflation Azerbaijan 2022
Average inflation: 13.8%
Current Inflation
Inflation is very high at 13.8%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 15.6%. The lowest inflation was in February at 11.9%.
- Highest month
- September: 15.6%
- Lowest month
- February: 11.9%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 20.1%. The lowest price increase was in Energy with an average of 14.0%.
- Highest increase
- Food: 20.1%
- Lowest increase
- Energy: 14.0%
Historical Context
Current inflation is 8.2% higher than the 5-year average of 5.6%.
- 5-year average
- 5.6%
- 10-year average
- 6.1%
- All-time high (2008)
- 20.9%
- All-time low (2012)
- 1.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +7.2 percentage point.
- Change vs. previous year
- +7.2 percentage points
- Largest monthly swing
- June: +9.5 percentage points
ECB Target
Inflation is 11.8% 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 €113.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 12.5% | +9.2 |
| February | 11.9% | +7.7 |
| March | 12.1% | +8.0 |
| April | 13.0% | +8.7 |
| May | 13.7% | +8.8 |
| June | 14.2% | +9.5 |
| July | 13.7% | +7.7 |
| August | 14.2% | +7.5 |
| September | 15.6% | +7.1 |
| October | 15.6% | +5.6 |
| November | 15.1% | +4.0 |
| December | 14.4% | +2.4 |
| Average | 13.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.