Bank Of Baku

Arif Veliyev: Inflation will not exceed 22% in Azerbaijan this year

Arif Veliyev: Inflation will not exceed 22% in Azerbaijan this year
# 11 November 2008 10:39 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Annual inflation is predicted not to exceed at this yearend, said Arif Veliyev, acting Chairman of Azerbaijan State Statistical Committee.
He added that falling prices on the world markets also affect Azerbaijan.
“Most foodstuffs are imported to the country. Azerbaijan produces only 45% of foodstuffs in the country,” he added.
He also noted that the consumer basket will be restructured next year.
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