14:25 - 21.07.2023

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July 21, Fineko/abc.az. Inflation in Azerbaijan is expected to decelerate to a level close to June in July-August, ABC.AZ reports, quoting Gulnara Khaidarshina, deputy head of research at Russia's Gazprombank and chief CIS economist.

Inflation continued to decelerate in June, although it still exceeds the refinancing rate and the upper bound of the target corridor.

"Inflation in Azerbaijan again decelerated in June to 10.6% yoy, down by 0.9 pps from May's level. A slower pace of price growth continued to be seen across all segments – food, non-food products and services. We note that inflation remains above the CBAR’s target corridor (4% +/-2 pps), exceeding its upper bound by 460 bps and the refinancing rate by 160 bps," she said.

Deceleration of price growth was seen in all segments – food, non-food and services,” she said.