Azerbaijan Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Azerbaijan's inflation rate was 5.70% in 2025, ranked 40th globally. This represents a 157.7% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Azerbaijan's inflation rate stood at 5.70% in 2025, a rise of +3.49pp from 2024. The IMF projects 5.70% by 2025. Azerbaijan ranked 40th globally.
Azerbaijan’s inflation rate in 2025 stood at 5.70 %, placing the country 40th in the world and just below Tunisia’s 5.91 % and Brazil’s 5.19 % in the same ranking. The indicator has traversed a volatile 34‑year span, swinging from a historic trough of –10.63 % in 1992, when the post‑Soviet transition triggered deflationary pressures, to an all‑time peak of 1662.22 % in 1994 amid hyperinflation caused by fiscal imbalances and currency devaluation. Since the mid‑1990s, inflation has gradually receded, stabilising in the low‑single digits after a series of monetary tightening measures and the adoption of a managed float regime for the manat. Recent modest increases reflect external shocks, such as commodity price swings, but the trajectory remains downward as the Central Bank continues to anchor expectations through policy rate adjustments. Continued fiscal discipline and diversified export revenues will be crucial to sustain the modest inflation path.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 4.00% | - | - |
| 2029* IMF | 4.00% | - | - |
| 2028* IMF | 4.00% | - | - |
| 2027* IMF | 4.00% | - | - |
| 2026* IMF | 4.50% | - | - |
| 2025* IMF | 5.70% | - | - |
| 2025 | 5.70% | +3.49pp | #40 |
| 2024 | 2.21% | −6.57pp | #65 |
| 2023 | 8.79% | −5.07pp | #141 |
| 2022 | 13.85% | +7.19pp | #155 |
| 2021 | 6.65% | +3.89pp | #149 |
| 2020 | 2.76% | +0.16pp | #118 |
| 2019 | 2.61% | +0.35pp | #110 |
| 2018 | 2.27% | −10.67pp | #93 |
| 2017 | 12.94% | +0.49pp | #181 |
| 2016 | 12.44% | +8.40pp | #183 |
| 2015 | 4.03% | +2.66pp | #140 |
| 2014 | 1.37% | −1.03pp | #77 |
| 2013 | 2.42% | +1.34pp | #95 |
| 2012 | 1.07% | −6.81pp | #16 |
| 2011 | 7.86% | +2.13pp | #152 |
Detected Pattern
Analysis
Azerbaijan matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Azerbaijan's inflation rate was 5.70% in 2025. Ranked 40th globally. This represents a 157.7% increase from the previous year.
Azerbaijan's inflation rate peaked at 1,662.22% in 1994.
The lowest inflation rate in Azerbaijan was -10.63% in 1992.
Azerbaijan ranks 40th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Azerbaijan's inflation rate is projected to reach 5.70% by 2025 based on IMF projection.
The inflation rate of Azerbaijan in 2025 was 5.70%. This ranks 40th in the world.
Cite this page
@misc{historysaid_azerbaijan_inflation-rate,
title = {Azerbaijan Inflation Rate},
url = {https://historysaid.com/azerbaijan/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}