8.5 pct inflation reported in Azerbaijan
BAKU – Inflation made up 8.5 percent in Azerbaijan in the first eight months of 2011 compared to the same period of last year.
Prices for food rose 11.7 pct, while those for other goods 2.8 pct, and fees on services 4.4 pct, according to the State Statistics Committee.
The International Monetary Fund predicts inflation for the whole year at 10.3 pct, while the Asian Development Bank – at 7.5 pct, and the European Bank for Reconstruction and Development 9.1 pct. The Azerbaijani government says it is expected to make up around 5 pct.
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