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IMF releases new forecast for annual inflation in Azerbaijan

Economy Materials 19 April 2022 18:20 (UTC +04:00)
IMF releases new forecast for annual inflation in Azerbaijan
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, April 19. International Monetary Fund (IMF) expects inflation in Azerbaijan to reach 12.3 percent by the end of 2022, Trend reports with reference to IMF.

IMF predicts average annual inflation in Azerbaijan in 2023 at 8.7 percent.

Inflation in non-food sector of Azerbaijan increased by 0.6 percent - up to 6.6 percent in March 2022, the growth of tariffs for services accelerated by 0.7 percent - up to 10 percent year-on-year.

Inflation in food sector of Azerbaijan slowed to 16.8 percent year on year, in March 2022.

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