(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 7. The average
annual inflation is forecasted at 10.4 percent this year in
Azerbaijan, Deputy Minister of Economy Elnur Aliyev said at a
meeting of the Milli Majlis (Parliament) Committee on economic
policy, industry and entrepreneurship, trend reports.
According to Aliyev, this is a forecast with measures
taken by the Central Bank of Azerbaijan to reduce inflation and the
steps taken in this direction by the government.
"Uncertainty regarding supply and demand factors in
inflation is still high. The CBA forecasts inflation for this year
at 8.9 percent. This is a figure for 12 months. And we are talking
about the average annual inflation. There is no contradiction
between these indicators," the deputy minister said.
According to the forecast of the World Bank, the average annual
inflation in Azerbaijan is expected to be 8.5 percent in 2023 and
6.2 percent in 2024.
In 2022, the inflation rate in Azerbaijan made up 13.9
percent.
MENAFN07062023000187011040ID1106405353
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.