Bank Of Baku

Azerbaijan sees 0.7% deflation in March

Azerbaijan sees 0.7% deflation in March
# 10 April 2009 14:46 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Consumer goods and service prices fell by 0.7% in March, as compared to February, said the State Statistical Committee.
The top body said inflation was 8.3%, year-on-year, for January-March.
According to month-on-month basis, deflation was 0.8% in February.
In the statement, the top body doesn’t rule out the probability of deflation at the year-end.
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