Azerbaijan plans to continue inflation control measures in 2024 for financial stability.

Azerbaijan's Cabinet of Ministers plans to continue implementing inflation control measures in 2024 to maintain financial stability without harming macroeconomic growth. In 2023, Azerbaijan's consumer price index increased by 8.8% compared to the previous year. The government aims to foster healthy competition in the domestic market, prevent monopolization, and establish an electronic monitoring system and streamlined price monitoring process.

March 18, 2024
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