Azerbaijani CBA Highlights Recent Volatility Rise In External Factors Affecting Inflation

2025-04-23 03:17:10

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 23. Annual inflation has continued to remain within the target range (4±2 percent) in Azerbaijan since the last meeting of the Management Board of the Central Bank of Azerbaijan (CBA), Trend reports via the CBA.

The CBA said that in March 2025, the 12-month inflation rate was 5.9 percent, which is in line with the inflation forecast.

During this period, the annual price increase was 6.5 percent for food products, 2.8 percent for non-food products, and 7.5 percent for services, and the annual core inflation rate was 4.5 percent, the bank explained.

"In recent months, volatility in external factors affecting inflation has increased. According to the IMF, in March of this year, the commodity price index decreased by 2.7 percent monthly and increased by 2.6 percent annually, while the weighted average annual inflation of trading partners was 9.6 percent compared to the same month last year. The nominal effective exchange rate of the manat in the non-oil and gas sector strengthened by 1.8 percent in March 2025 compared to the same month last year," added the CBA.

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