IMF revealed inflation forecasts in Azerbaijan for 2019-2020
  • ECONOMY

  • 10:56 16 October 2019

IMF revealed inflation forecasts in Azerbaijan for 2019-2020

Inflation is forecasted to be 3% in Azerbaijan in 2020, ONA reports citing newly-published statement of the International Monetary Fund (IMF).

According to the report, prices of consumer products and services will increase by 2.8% in 2019, 3% in 2020. However the Fund forecasted these figures relevantly 3.2% and 3.3% earlier.

Note that according to the mid-term forecasts of Azerbaijani government, inflation will be 3.7% in 2019, 4.6% in 2020.

Remind that inflation level was 1.4% in Azerbaijan in 2018

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