Azerbaijan’s annual inflation hits 10.5%
Prices for consumer goods and tariffs for services in Azerbaijan decreased by 0.5 percent in June 2016 as compared to May 2016, said the country’s State Statistics Committee.
The Committee said the prices for foodstuff decreased by 1.3 percent in June 2016 as compared to May 2016, while the prices for non-food goods increased by 0.3 percent, and the cost of paid services remained unchanged.
Prices for consumer goods and tariffs for services increased by 10.5 percent in Azerbaijan in January-June 2016 compared to the same period of 2015.
Prices for foodstuff increased by 11.9 percent, the non-food
goods’ prices rose by 15.4 percent, and the cost of paid services
went up by 4.5 percent in the mentioned period.
Fitch analysts believe that the double-digit inflation will be
marked in Azerbaijan by the end of the year.
Earlier, Economy Minister Samir Sharifov said that the updated concept of socio-economic development, prepared by the Economy Ministry inflation is projected at 10-12 percent.
In 2015, inflation in the country amounted to four percent. Last year, prices for foodstuff increased by 6.1 percent, non-food by 3.8 percent, and tariffs for paid services rose by 1.2 percent.
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