Elman Rustamov explains affect of increase in fares on inflation

 Elman Rustamov explains affect of increase in fares on inflation
  • Clock-gray 09:58
  • calendar-gray 01 August 2018

Rise of fare in bus and subway will have minimal affect on the inflation, Chairman of Central Bank of Azerbaijan (CBA) Elman Rustamov said at the press conference.

 

‘However, we don’t this affect will make inflation to exceed 6-7%’, he said.

 

According to him, the main factor affecting the inflation is stability of the exchange rate.  

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