Azerbaijan, Baku / Trend corr I. Khalilova / Inflation growth rate in Azerbaijan surpassed the expectations of the Government, Azerbaijani Economic Development Minister, Heydar Babayev, reported on 19 October. He did not rule out the process may be corrected by the end of the year, but refused to release his expectations regarding results of 2007.
"We intend to hold some anti-inflation arrangements to prevent artificial rise in consumer prices," the Minister said. According to him, prices are rising worldwide.
In January to September, inflation growth rate made up 16%. Prices for foodstuffs increased by 15.3%, non-foods - 10.3%, services -24.6%.