ERC: Azerbaijan will observe deflation in summer months

ERC: Azerbaijan will observe deflation in summer months
# 28 April 2011 12:18 (UTC +04:00)
Baku. ELnur HUSeynguluyev – APA-Economics. Inflation is expected to reach two-digit in Azerbaijan, during this year, Gubad Ibadoglu, head of the Economic Research Center told APA.

According to him, the inflation is expected to be 11.2% in 2011 in accordance to the ERC’s researches: “0.2%-inflation is expected in May, 0.3%-inflation – in June, 0.1%-deflation in July. Deflation is related to seasonal factors”.

Inflation is expected to activate by the end of this year. As a result, the monthly inflation is expected to reach 1.5%, in last month of the year.
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