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Forecast for alternative inflation in Azerbaijan hit 11 percent for 2011

Business Materials 14 January 2011 17:54
.The NGO 'Center for Economic Research' forecasts for 2011 inflation at the level of 11.2 percent in Azerbaijan.
Forecast for alternative inflation in Azerbaijan hit 11 percent for 2011

Azerbaijan, Baku, Jan. 14 / Trend U.Ismayilova /

The NGO 'Center for Economic Research' forecasts for 2011 inflation at the level of 11.2 percent in Azerbaijan.

The consumer price index forecasted in January at a rate of 1.3 percent, February - 1.5 percent, March - 1.6 percent, April - 0.5 percent and May - 0.2 percent.

The country is expected to decrease the consumer price index by 0.3 and 0.1 percent in June - July, respectively.

Starting from August, Azerbaijan expects price increases by 0.9 percent in August, one percent - September, 1.2 percent - October, 1.4 percent - November and 1.5 percent - December.

According to  the government forecasts, the inflation rate is expected to reach five percent in 2011.

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