Average annual inflation to be 12,3% in Azerbaijan this year-IMF

Average annual inflation to be 12,3% in Azerbaijan this year-IMF
# 19 April 2022 17:13 (UTC +04:00)

According to the updated forecast of the International Monetary Fund (IMF) consumer prices will increase by 12,3% in Azerbaijan this year, APA-Economics reports citing April issue of World Economıc Outlook report.

Average annual inflation is expected to be 8,7% in 2023.

Note that in January-March of this year average annual inflation made up 12,2%, while annual inflation was 12,1% in March alone. The average annual inflation in Azerbaijan was 6,7% in the previous year.

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