Azerbaijan, Baku, Oct. 20 /Trend, N.Ismayilova/
The inflation in Azerbaijan is forecast at 5.5-5.6 percent as of the end of 2010, said the chairman of the State Statistics Committee Arif Veliyev.
"The inflation in the country over the 9 months was 5.2 percent, and in September - 0.9 percent compared to August. The growth of prices was mainly recorded for food - bread, meat, chicken eggs. If the current tendency of inflation continues, the annual inflation will total 5.5 - 5.6 percent, but not more than 6 percent," said Veliyev.
According to him, in the first three quarters, the overall statistics in the country are positive. An increase was recorded in all sectors except agriculture.
"The decline in the agricultural sector is associated with floods in summer, resulting in losing part of the crop, and the crop there was declined 9 percent," he said.
According to Veliyev, the country's GDP grew by 4.1 percent, totaling over 29 billion manat, the industrial sector grew by 3.1 percent, capital investment in the construction sector - 15 percent, the domestic trade - 8.5 percent. The average monthly wages increased by 7 percent, amounting to approximately 319 manat, while income grew by 11 percent.
Official exchange rate on Oct. 20 is 0.8014 AZN/USD.