Azerbaijan reveals projected inflation rate for 2022

Economy Materials 12 November 2021 17:27 (UTC +04:00)

BAKU, Azerbaijan, Nov. 12

By Khagan Isayev - Trend:

The average inflation in Azerbaijan in 2022 is forecasted to make up four percent, Trend reports referring to the state budget bill.

According to the document, in 2023, this figure will amount to 3.3 percent, in 2024 and 2025 – 3.2 percent.

This year, the countrywide inflation is expected to equal six percent, given 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 Azerbaijan's main trading partners, as well as amendments in tariffs regulated by the state.