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Azerbaijan posts lowest inflation in ex-Soviet bloc

8 March 2011 11:14 (UTC+04:00)
Azerbaijan posts lowest inflation in ex-Soviet bloc

BAKU – Azerbaijan registered inflation of 0.8% in January, the lowest level in the CIS while Armenia posted the highest rate of 2.8%, according to the CIS statistics committee.

The inflation rate averaged 2% in the CIS member countries in January. The inflation reached 1.4% in Belarus, 2.6% in Russia, 1.7% in Kazakhstan, 2.7% in Kyrgyzstan, 1.1% in Moldova, 1.9% in Tajikistan and 1% in Ukraine.

Azerbaijan with the inflation of 5.7% had the lowest rate in 2010.

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