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Azerbaijan’s Inflation Not to Exceed 22% in 2008: State Statistical Committee

Business Materials 11 November 2008 14:41 (UTC +04:00)

Azerbaijan, Baku, 11 November / Trend corr. I.Alizade/ "Annual inflation in Azerbaijan will not exceed 22% by the end of the year," Arif Valiyev, acting chairman of the Azerbaijan State Statistical Committee, said on 11 November.

According to Valiyev, drop in prices on the world market affects Azerbaijan as well. "Most part of the foodstuffs is imported. Azerbaijan produces only 45% of the food," he said. 

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