Cost of food in Azerbaijan increased 5.30 percent in July of 2020 over the same month in the previous year.
Food Inflation in Azerbaijan averaged 6.25 percent from 2010 until 2020, reaching an all time high of 18.27 percent in January of 2016 and a record low of -1 percent in January of 2010. This page provides the latest reported value for - Azerbaijan Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Azerbaijan Food Inflation - values, historical data and charts - was last updated on September of 2020.
Food Inflation in Azerbaijan is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Azerbaijan to stand at 3.50 in 12 months time. In the long-term, the Azerbaijan Food Inflation is projected to trend around 3.50 percent in 2021 and 4.50 percent in 2022, according to our econometric models.