Forecast on average annual inflation for next 2 years

16:07 - 22.12.2020


December 22, Fineko/abc.az. The inflation is projected at the level of 3% in Azerbaijan in 2021.

ABC.AZ reports that this is reflected in the Bill on Azerbaijan State Budget 2021 introduced into the parliament.

The Bill says that, as in the previous year, it was possible to achieve stable exchange rate and keep inflation at the single-digit level.

So, for Jan-Nov 2020 the exchange rate of the manat to the US dollar was 1.70 manats.

At the same time, the Ministry of Economy of Azerbaijan expects average annual inflation to end this year at 2.8%, and in 2021 at 3%.

By Elmir Murad

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