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EBRD: Inflation in Azerbaijan to Be Amongst Lowest in CIS in 2014

The European Bank for Reconstruction and Development (EBRD) forecasts a 3.8 percent inflation rate in Azerbaijan which is one of the lowest in the CIS area, the bank's report 'Regional economic prospects in the countries where EBRD conducts transactions', said.

EBRD forecasts an 3.9 percent inflation in Armenia, 4.4 percent in Tajikistan, 4.7 percent in Moldova, 5.4 percent in Kyrgyzstan, 5.6 percent in Russia, 5.7 percent in Turkmenistan, 5.9 percent in Kazakhstan, 11 percent in Uzbekistan and 14.5 percent in Belarus in 2014.

Moreover, EBRD expects a 4.1 percent inflation rate in Georgia, according to the report.

As of 2013, Azerbaijan had a 2.4 percent inflation rate.

"Azerbaijan must try to preserve inflation this year at the same level as last year," Azerbaijani President Ilham Aliyev said at a meeting of the Cabinet of Ministers dedicated to socio-economic development in 2013 and the upcoming challenges in 2014.

Source: Trend

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