Inflation in Azerbaijan will make up nearly 3 percent by the end of 2020 and will vary in the range of 3.5-4 percent by 2021, Trend reports referring to the Central Bank of Azerbaijan.

Azerbaijan’s consumer price index increased by 2.7 percent year-on-year in January, State Statistical Committee has told local media.

Azerbaijan’s Central Bank (CBA) intends to keep the country’s inflation rate at four percent in 2020 and maintain the stability of the national currency, banks head Elman Rustamov has said.

The target annual inflation rate in Azerbaijan made up 2.4 percent in August 2019, Trend reports referring to the Central Bank of Azerbaijan (CBA).

The process of compensating US dollar loans of the Azerbaijani population, on which people suffered losses as a result of the devaluation, has been fully completed.

By the end of 2019, inflation indicators in Azerbaijan will only slightly differ from the projected ones, Deputy Finance Minister Azer Bayramov said at a meeting of the parliamentary committee on economic policy, industry and entrepreneurship, Trend reports.

Price index in Iran’s mining sector rose by 50.9 percent last Iranian year (started March 21, 2018), reaching the figure 349.9 (based on index in 2011) compared to the previous year, Trend reports with reference to Iran’s Statistical Center.

The Central Bank of Azerbaijan (CBA) has kept inflation forecasts at a stable level, Elman Rustamov, the chairman of the CBA, said at a press-conference in Baku, Trend reports.

Inflation of 4.8 percent in March 2019 in Kazakhstan facilitated the rise in food prices by 6.7 percent at once, Trend reports with reference to energyprom.kz.

In January-March 2019, prices for consumer goods and tariffs for services in Azerbaijan increased by 2.1 percent compared to the first three months of 2018, Trend reports referring to the State Statistical Committee of Azerbaijan.