Bank Of Baku

Azerbaijan will outstrip CIS countries for inflation next year

Azerbaijan will outstrip CIS countries for inflation next year
# 23 September 2008 15:47 (UTC +04:00)


The top body said Azerbaijan will leave all other CIS states behind for the level of inflation next year.
Azerbaijan is followed by Ukraine and Belarus.





 

Countries

 

Inflation outlook for 2009 (%)

Azerbaijan

18

Ukraine

15

Belarus

11

Kazakhstan

10

Kyrgyzstan

10

Moldova

10

Tajikistan

10

Uzbekistan

10

Russia

9,5

Georgia

7

Armenia

6



The top body predicts inflation will be 19-20% in Azerbaijan in 2008.

 

Countries

 

Inflation outlook for 2009 (%)

Ukraine

22-25

Tajikistan

>20

Kyrgyzstan

120

Azerbaijan

19-20

Kazakhstan

18

Russia

13-13,5

Moldova

13

Uzbekistan

12

Belarus

10-12

Georgia

>10

Armenia

7-8


According to the State Statistical Committee of Azerbaijan, Consumer Price Index (inflation) went up 21.3% during January-August, 2008, compared to 15.9% in this period last year.


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