The inflation in Azerbaijan is expected to be single-digit by the end of the year, Minister of Finance Samir Sharifov told a parliamentary meeting on the state budget for 2024, SİA informs.
According to him, the level of inflation in the country is a matter of concern to the government, and the President has given special instructions about it.
The minister noted that inflation has slowed down a bit this year: “Next year, compared to the results of the current year, inflation is expected to be halved, namely 5.3% inflation. The inflation in Azerbaijan was mostly caused by external factors. Currently, there are changes in these factors. From that point of view, as a result of the decrease in import inflation, these processes will be stabilized in our country. The state has taken a number of steps in the direction of mitigating these effects, especially in the social field.”
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