Expert: Inflation will hardly be kept within 8.9% this year
2011-03-10 17:39:50
Taking into consideration the growing prices for oil, the government will hardly manage to keep inflation within 8.9%, laid down in the state budget for 2011. Those are comments made by Director of Foyil Securities Analytical Department Agshin Mirzazade on inflation data for February, published by the State Statistics Service.
"We are expecting that a growth of fuel prices will influence prices for foods in March, therefore, in the nearest months inflation will speed up," he said.
Mirzazade also noted that due to an unexpected growth of oil prices, his company intends to review its inflation forecast for 2011 (9.8%) in the nearest future.
In compliance with data made public by the State Statistics Service, consumer price index for goods and services in February against the previous month made up 0.9%, since the year start - 1.9%.