Baku, January 31, AZERTAC “The inflation forecast for 2024 remains unchanged. According to January`s projections, annual inflation is expected to remain within the target range,” said Taleh Kazimov, the Governor of the Central Bank of Azerbaijan (CBA), during a press conference on the interest rate corridor parameters.“The annual inflation rate has slowed down since the last monetary policy meeting of the Board of Governors. In 2023, the 12-month inflation rate stood at the lower limit of the target range, amounting to 2.1 percent. A decrease in inflation was observed across all components of the consumer basket. Annual food inflation was recorded at 0.8 percent, while non-food and services inflation reached 2.7 percent and 3.7 percent, respectively. Current inflation dynamics have also influenced inflation expectations,” added the Governor.