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AZERBAIJAN'S Q1 INFLATION RATE 16.6%, NATIONAL BANK CHIEF SAYS
Today.Az, April 14, 2007

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.


  • PRESIDENT HOLDS CABINET MEETING ON RESULTS OF THE FIRST QUARTER OF 2007

  • INFLATION EXCEEDS 16% IN Q1

  • ADB IMPRESSED BY AZERI GROWTH

  • FREE ECONOMIC ZONES WILL PLAY A PART IN DEVELOPMENT

  •