Azerbaijan, Baku, May 4 / Trend A. Akhundov /
The Azerbaijani Central Bank of Azerbaijan (CBA) does not expect significant price growth in the economy proceeding from the results of the real sector monitoring, the Central Bank's report on monetary policy as of the first quarter of 2012.
"The index of expectations for prices is in the negative zone in the first quarter of 2012 in all sectors of the real sector, except for the industrial sector," the report says.
According to the forecasts of international financial organizations, unique inflation is expected to be remained in Azerbaijan in 2012.
"According to the last report of the International Monetary Fund, the average annual inflation rate in Azerbaijan is projected at 5.6 percent in 2012," the report said. "The IMF report stressed that the average annual inflation will amount to 7.1 percent in the CIS countries in 2012, in developing countries - 6.2 percent. The predicted inflation is by 1.5 and 0.6 percent less in Azerbaijan than in these two groups."