Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/226217
Authors: 
Niftiyev, Ibrahim
Year of Publication: 
2020
Abstract: 
Inflation is one of the most important economic indicators for a country. Understanding inflation based on the consumer spending patterns allows for better conceptualization of the phenomenon and improved policy responses for the unwanted developments, more precisely, increased price levels in consumer markets. The current working paper develops Consumer Price Index-based inflation indicator via the help of the Laspeyres price index in the case of Azerbaijan to evaluate the post-booming period (which is since 2011). Moreover, the significant results of correlation analysis between the Paasche Price Index and oil prices, oil revenue, and real effective exchange rate (REER) demonstrate initial signals about the urban and rural inflation dynamics and trends in the case of oil-rich Azerbaijan.
Subjects: 
Inflation
Macroeconomic Data
Consumer Price Index (CPI)
Oil revenue
Laspeyres Index
Paasche Index
Azerbaijan Economy
JEL: 
E01
E31
F41
O50
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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