EBRD predicts 16% inflation
Inflation will make up 16% in Azerbaijan in 2008, the European Bank
for Reconstruction and Development (EBRD) predicts.
The Gross Domestic Product will grow 25% in the resource-rich South Caucasus republic this year, the bank said in its report.
But government experts predict inflation at about 12%. The Azerbaijani government has pledged to contain price hikes at single digits or slightly above 10%.
The report also said inflation indicators will be high, but average consumer prices are likely to go down across the region this year.
Inflation made up 16% in 2007, according to official figures, but informal sources put the indicator at 30%.
The Gross Domestic Product will grow 25% in the resource-rich South Caucasus republic this year, the bank said in its report.
But government experts predict inflation at about 12%. The Azerbaijani government has pledged to contain price hikes at single digits or slightly above 10%.
The report also said inflation indicators will be high, but average consumer prices are likely to go down across the region this year.
Inflation made up 16% in 2007, according to official figures, but informal sources put the indicator at 30%.
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