Inflation is higher than declared level, says Azerbaijan's Deputy Minister

Inflation is higher than declared level, says Azerbaijan
# 06 June 2022 13:59 (UTC +04:00)

"We always support a conservative approach in the outlooks on revenues," said Azerbaijan's Deputy Finance Minister Azer Bayramov at the meeting of the Committee of Parliament on Economic Policy, Industry, and Entrepreneurship, APA reports.

According to him, prices announced in our outlooks in the field of oil are known: "I think we are lucky as prices are in the high direction. Significant increases are observed thanks to it. We think the process will also continue this year. The main part of the inflation, determined in us, is imported inflation. Inflation is higher than the declared level."