Baku, Azerbaijan, May 11
In the next three years, inflation in Azerbaijan will significantly decrease, Hans Timmer, WB’s chief economist for Europe and Central Asia, said.
He made the remarks during a video conference in Tbilisi, Georgia May 11 while presenting the latest ECA Economic Update ‘Trade in Transition’.
Inflation in Azerbaijan is expected at 7.8 percent in 2017, at 4.2 percent in 2018 and at 3.8 percent in 2019, according to the report.
According to the State Statistics Committee of Azerbaijan, inflation in the country was 12.4 percent in 2016.