Azerbaijan , Baku /corr Trend A.Ismayilova / Arif Veliyev, The Head of the Azerbaijani Statistics Committee, stated in talks with journalists on 26 February that prices might increase in Azerbaijan in March.
Prices in March 2007 will be considerably higher than March 2006. He regarded the forthcoming holidays as one of reasons for causing price rises in March.
"In January 2007 prices rose 17% compared to January 2006. In February the figure dropped. A fall in prices will be observed in summer as usual," he noted. "In January 2007 prices rose 17% compared to January 2006. In February the figure dropped. A fall in prices will be observed in summer as usual," he noted.
He refuted data by international organizations that the level of inflation in Azerbaijan will reach 17% in 2007. "The calculation of inflation ratio by international organization is not right," he added.
"They took price rises as a basis and did not take into consideration their drop, or stability,"