Azerbaijani government reveals mid-term inflation forecast

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13 September 2019

Inflation level is forecasted to be 3.7% until end of the current year in Azerbaijan, the Ministry of Finance of Republic of Azerbaijan told APA-Economics.

According to the Ministry, although inflation level is expected to increase up to 4.6% in 2020, increase rate is forecasted to decrease in following years. Generally, inflation is expected to be kept at single digit level.

Thus, in Azerbaijan inflation rate is forecasted to be 4.5% for 2021, 4.1% for 2022, and 3.9% for 2023.

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THE OPERATION IS BEING PERFORMED