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Fitch Ratings forecasts inflation rate in Azerbaijan for 2021-22

Finance Materials 15 May 2021 20:25 (UTC +04:00)
Fitch Ratings forecasts inflation rate in Azerbaijan for 2021-22

BAKU, Azerbaijan, May 15

By Zeyni Jafarov – Trend:

Inflation rate in Azerbaijan is expected to make up 3.9 percent in 2021, versus 2.8 percent in 2020, Trend reports on May 15 referring to the report of Fitch Ratings international rating agency.

According to the agency's forecasts, in 2022 the inflation rate in Azerbaijan will decrease to 3.8 percent.

According to the State Statistical Committee, the average annual inflation in the country at the end of April 2021 was four percent, and as the Central Bank of Azerbaijan noted, the inflation forecast in the country is kept in the target range of four percent.

The Ministry of Economy of Azerbaijan forecasted the level of average annual inflation in the country by the end of 2021 to be within 3 percent.

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