11:31 - 30.07.2026

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July 30, Fineko/abc.az. "Our calculations show that a 10% increase in budgetary and current expenditures and a 10% growth in the loan portfolio of the banking sector have an upward impact of 0.29% and 0.12%, respectively. Under our conditions, this is not a high indicator. This suggests that the impact of demand inflation on the overall inflation rate is limited," CBA chairman Taleh Kyzimov said in an interview with the Azerbaijani state TV & news agency APA.

He added that inflation is influenced by both supply and demand factors.

"Azerbaijan mainly imports inflation, and in the past 4 years, it has been the supply factors that have had an increasing impact on inflation. There are two main channels for supply factors. The first is the prices of goods and services that we import, which means that the increase in prices caused by inflation in our trading partners' countries is imported into Azerbaijan. The second channel is the increase in the costs of producers in the domestic market. Cost factors include regulated services such as electricity, gas, water, and other fuels, which are regulated by the government. Changes in these factors lead to an increase in the cost of goods or services that we produce, resulting in inflation."