Inflation in Azerbaijan has been on the rise in recent years, reaching a high of 13.9% in 2022.

However, there are signs that the rate of inflation is beginning to slow down.

However, there are signs that the rate of inflation is beginning to slow down.

In June 2023, the country's Consumer Price Index (CPI) increased by 10.6% year-on-year, down from 13.1% in May.

This slowdown is likely due to a number of factors, including the recent depreciation of the Azerbaijani manat, which has made imported goods more expensive.

The Central Bank of Azerbaijan has also taken steps to tighten monetary policy in an effort to curb inflation.

According to forecasts, inflation in Azerbaijan is expected to continue to slow down in 2023.

Fitch Solutions projects that the annual average inflation rate will be 9.5% in 2023, down from 13.0% in 2022.

This slowdown would be welcome news for Azerbaijani consumers, who have seen their purchasing power eroded by rising prices.

some of the key factors that have contributed to the slowdown in inflation in Azerbaijan:

– The depreciation of the Azerbaijani manat, which has made imported goods more expensive. – Tighter monetary policy by the Central Bank of Azerbaijan. – A slowdown in economic growth, which has reduced demand for goods and services.

– The depreciation of the Azerbaijani manat, which has made imported goods more expensive. – Tighter monetary policy by the Central Bank of Azerbaijan. – A slowdown in economic growth, which has reduced demand for goods and services.

It is important to note that the slowdown in inflation is not a guarantee that prices will continue to fall. Inflation can be volatile, and there are a number of factors that could cause it to pick up again in the future. However, the current trend is positive, and it is likely that inflation will continue to slow down in the coming months.

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