Bank Of Baku

Azerbaijan expects a price fall this year

Azerbaijan expects a price fall this year
# 23 January 2009 10:37 (UTC +04:00)
According to him, there has been no price rise since New Year and deflation is imminent in late January.“We might see not only single-digit inflation but even it might be deflation at the year-end if everything keeps going on as it does and the world financial crisis doesn’t slow down.
Inflation rate was 20.8% in the country at the end of 2008. Prices dropped 0.4% in December from November.
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