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Average annual inflation in Azerbaijan to be 4% by end of 2019

Finance Materials 25 October 2019 15:18 (UTC +04:00)
By the end of 2019, inflation will be in line with the forecast range of 4 percent
Average annual inflation in Azerbaijan to be 4% by end of 2019

BAKU, Azerbaijan, Oct. 25

By Kamala Mammadli - Trend:

By the end of 2019, inflation will be in line with the forecast range of 4 percent, Chairman of Azerbaijan's Central Bank (CBA) Elman Rustamov said at a press conference on Oct. 25, Trend reports.

According to Rustamov, since the beginning of 2019, the CBA has forecast inflation at 4 (± 2) percent.

"Presently, inflation expectations are gradually declining, as evidenced by our polls," the chairman said.

According to the estimates of the CBA, stabilizing factors that influence inflationary risks prevail in the short term.

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