Inflation may reach 5.6 pct in 2010: Azeri gov’t
BAKU – Inflation is expected to reach 5.5-5.6 percent in Azerbaijan by the end of 2010, the State Statistics Committee chairman said.
Arif Valiyev told a press conference Tuesday that inflation was reported at 5.2 pct in January-September.
In September, inflation made up 0.9 pct. Prices for food increased 1.9 pct, while those for other goods 0.5 pct, and fees on services decreased 0.9 pct, Valiyev said.
The Asian Development Bank (ADB) predicts inflation at 5 pct in 2010 and 4 pct in 2011. The International Monetary Fund (IMF), however, said the figures are expected to make up 5.5 pct and 6 pct respectively.
Inflation made up 1.5 pct in Azerbaijan in 2009.
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