Bank Of Baku

Azerbaijani Government forecasts inflation at 23% at year-end

Azerbaijani Government forecasts inflation at 23% at year-end
# 02 August 2008 08:40 (UTC +04:00)
“I think inflation is likely to end up at 22-23 percent this year”, he said.
Inflation made 16.7 percent last year in the country. The Government shifted its initial inflation prediction to 18 percent from 12-13 percent while IMF outlook says inflation rate will not be below 20 percent.
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