Azeri researchers say 2011 inflation will hit 11 pct
BAKU – An Azerbaijani research group forecasts inflation at the level of 11.2 percent in the country in 2011.
The Center for Economic Research said that the inflation projected in January at a rate of 1.3 percent, February - 1.5 percent, March - 1.6 percent, April - 0.5 percent and May - 0.2 percent. The consumer prices are expected to decrease by 0.3 and 0.1 percent in June and July respectively.
Prices are predicted to rise by 0.9 percent in August, one percent - September, 1.2 percent - October, 1.4 percent - November and 1.5 percent - December.
According to the government forecasts, the inflation rate is expected to make up 5 percent in 2011.
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