BAKU, Azerbaijan, Nov.9
By Leman Zeynalova – Trend:
The average inflation in the next three years in Azerbaijan is projected at 3.5 percent, Trend reports on Nov. 9 referring to the draft state budget of the country for 2022.
The forecast takes into account the policy pursued to maintain macroeconomic stability, maintaining the stability of the manat exchange rate, as well as the expected relative stabilization of prices on world commodity markets.
According to the forecast, at the end of 2021, inflation in Azerbaijan is expected to be at the level of six percent, taking into account the impact of high prices for goods, including food, on world markets on prices in the domestic market, increasing forecasts for the growth of the consumer price index in some countries, which are the main trading partners of Azerbaijan, as well as changes in tariffs that are regulated by the state.
World price indices for raw materials and food products:
|
Index |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
2026 |
|
Raw material price index (including price index for fuel and non-fuel products) |
117.6 |
105.9 |
154.7 |
152.8 |
145 |
142.1 |
141 |
140.4 |
|
Non-fuel price index (price index for food, beverages and industrial raw materials) |
108.7 |
116 |
146.9 |
145.6 |
143.5 |
143.1 |
143.5 |
143.9 |
|
Food and beverage price index |
98.2 |
100 |
126.8 |
129.5 |
125.5 |
124.1 |
124.1 |
124.1 |
|
Food price index (including cereals, vegetable oils, meat, seafood, sugar, bananas and oranges) |
99.4 |
101 |
129.1 |
131.5 |
127.2 |
125.7 |
125.7 |
125.7 |
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