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Azerbaijan's Q1 inflation rate 16.6%, National Bank chief says

14 April 2007 [11:51] - TODAY.AZ
Pushed up by spending and demand growth, the inflation rate for the first quarter reached 16.6% in Azerbaijan, the National Bank board chair Elman Rustamov told a quarterly government meeting.

The nominal incomes and monthly wages climbed 29% and 25% respectively against this figure but prices increase in non-oil industry encouraged inflation in the country, he added.

He claimed that the country has strong anti-inflation potential and by this instrument along with the government it is possible to slow down the price increase during the period ahead. APA-Economics

URL: http://www.today.az/news/business/39411.html

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