12:26 - 3.05.2023

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May 3, Fineko/abc.az. There remains high uncertainty about the factors of inflation in the global and national economy, ABC.AZ reports, referring to the Central Bank.

The actual inflation rate tends to decrease.

"Food inflation, which is the main structural component of inflation, remains high - 16.8%. The increase in prices for non-food products and services is 11.6% and 10.8%, respectively, year-on-year. The growth rates of producer prices and import price indices remain at double-digit levels. So, in March, annual growth was 12.7% on the price index of agricultural producers. This February, annual increase in import prices was 20.4%. At a time when population’s income is growing and stimulating fiscal policy continues, aggregate demand is expanding. For the first 3 months of 2023, nominal income of the population increased by 15.2%. The external environment of inflation remains very volatile.

According to the IMF’s April forecast, global inflation was increased by 0.4 percentage points and set at 7%," the CBA said.