Today.Az » Business » Azerbaijan sees inflation at 21% in 2008
19 January 2009 [18:45] - Today.Az
Consumer Prices Index increased 20.8% in Azerbaijan during 2008, said the State Statistical Committee.
During January-December, the price rise was 28.6% in foodstuffs, 11.5% in nonfood products and 11.4% in services.
Compared to a month ago, prices of goods and services decreased 0.4% in December.
The Government of Azerbaijan predicted inflation at below 18% for the yearend, higher form the original forecast of 12-14%. Annual inflation reached 21.6% at the end of January-October, according to official statistics.
According to the IMF outlook, inflation would not be below 20% in the country.
/APA/
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