TODAY.AZ / Business

Ogtay Hagverdiyev: "Inflation rate increase by 2-3% due to strengthened manat"

17 November 2006 [11:39] - TODAY.AZ
Between 2% and 3% of the 7.7% inflation rate in Azerbaijan resulted from the strengthening of AZN, said the Cabinet finance and credit department chief Ogtay Hagverdiyev.

He told APA the two-digit inflation appears in the foodstuffs market, making up 12%. "Prices rise in the world market affects the market of Azerbaijan. Monetary influence is 45%. Monopoly is also influential," he said.

URL: http://www.today.az/news/business/32718.html

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