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Fitch announces its forecast on inflation and manat rate in Azerbaijan

Average annual inflation in Azerbaijan will make up 9% in 2017, the experts Fitch Ratings said at the 6th annual conference in Azerbaijan.

The experts say the average annual inflation will reduce to 5% in 2018.

 

In 2016 the inflation made up 12.4%.

 

According to Azerbaijan’s forecast, the average annual inflation will be 7.3% this year.

 

Fitch forecasts the manat rate against dollar will stand at 1.76 in 2017, 1.7 in 2018.

 

The experts say oil price will be $45 a barrel in 2017, $55 in 2018.

 

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