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Inflation escalates by 16.5% in Azerbaijan

30 April 2008 [16:30] - TODAY.AZ
Inflation has escalated by 8% as of early 2008 in Azerbaijan.
According to Novosti-Azerbaijan, the due announcement was made by Azerbaijan's Economic Development Minister Heydar Babayev on Wednesday.

"Inflation has escalated by 16.5% in the first quarter of 2008 as compared to the same period of the last year", said he at a session of the permanent commission of the Azerbaijani parliament on economic policy.

The Minister bound the rise in inflation with the overall situation on the world market, rise in prices, in particular, prices on energy sources, unfavorable weather conditions, creating deficit in agriculture.

Despite it, according to Babayev, progress is observed in the country's economic sector. By results of the first quarter, the rise in agrarian sector made up 3.5%, communication 45.5%, cargo transportations 12.5%, chargeable services 29.5%.
URL: http://www.today.az/news/business/44672.html

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