EBRD: Annual inflation in Azerbaijan will be 10.2%

EBRD: Annual inflation in Azerbaijan will be 10.2%
# 10 November 2016 08:51 (UTC +04:00)

Baku – APA-Economics. According to indicators of 2016, the inflation in Azerbaijan will make up 10.2% this year, the European Bank for Reconstruction and Development (EBRD) reported.

According to the bank, after devaluation of manat, the inflation reached 11.2% in Azerbaijan in January-September, while it was 4% in 2015.

According to outcomes of the current year, the balance of payments surplus will be 0.7% of GDP, budget deficit will make up 9.9% of GDP.

Earlier, the EBRD forecasted the GDP will decline 3%.

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