16:53 - 19.10.2026

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October 19, Fineko/abc.az. Over Jan-Aug 2026, prices for goods imported in Azerbaijan increased by 26.8% versus the 2025 same term.

The State Statistics Committee reports that import prices grew by 1.2% in August alone compared with the previous month and by 23.3% year-on-year.

Over the first 8 months, machinery and equipment observed growth in price (by 42.7%), furniture (by 46.5%), pharmaceutical products (by 35.4%), chemical industry goods (by 35.3%) and ready-made food products (by 17.4%).

At that, import prices for sugar and confectionery dropped by 7.2%.

Rising prices in foreign markets directly affect the domestic consumer market.

Over Jan-Sept 2026, the average annual inflation in the country was 5.7%, and food prices grew by 6.9%. As the CBA governor, Taleh Kazimov, emphasizes that inflation in the country is largely "imported" from the main trading partners.

The Central Bank considers the global rise in energy and food prices and its transfer to the domestic market as one of the main risk factors. At that, the degree of such impact will depend on the weighted average exchange rate of the manat.