TODAY.AZ / Business

The basic inflation in Azerbaijan is 1%

01 March 2005 [15:03] - TODAY.AZ
Only 45.4% of common inflation in Azerbaijan (2.5%) in January had been caused by monetary factors. As the National Bank of Azerbaijan informed, in January the basic inflation was 1% towards December and 6.8% towards February 2004.
At the same time the level of consumer inflation was 2.5% and 11% correspondingly. The NBA forecasts 4.2% of the basic inflation by results of year, 2.2% of which will be caused by rising of prices for oil products and natural gas in October 2004.

In accordance with statement of NBA about funds and credit policy for 2005, in 2005-2007 the basic inflation in Country is expected at level 5-7%.

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