Inflation rate in Azerbaijan will drop to 16-17% by the end of this year, said Economic Development Minister Shahin Mustafayev, according to Novosti-Azerbaijan.

"Inflation rate in Azerbaijan will drop to 16-17% by the end of the year", Mustafayev told reporters Friday.
Earlier, chief of NBA department on control over credit organizations Rashad Orujev also predicted the drop in the inflation rate down to 16-17% by the end of this year.