BAKU, Azerbaijan, April 29. Inflation in Azerbaijan will remain at the current level until the end of 2022, Executive Director of the Central Bank of Azerbaijan (CBA) Vugar Ahmadov said at a press conference on April 29 in Baku, Trend reports.
"We have inflation forecasts based on various scenarios. All of them show that inflation will remain at the current level, approaching the upper limit of the target range,” Ahmadov noted.
“The CBA's inflation forecast for 2022 is four percent (plus or minus two percent). The upper limit of the target range is six percent, but in the medium term we anticipate its approaching four percent," he added.