ING publishes forecast for average annual inflation in Azerbaijan until 2026

Elvin Jamalov
Author

The Dutch company ING Group expects the average annual inflation in Azerbaijan to be unambiguous in the third quarter of 2023.

Report informs with reference to the company's forecasts that the average annual inflation is expected to be 9.2% (11.6% in the second quarter) in the third quarter of 2023, and 5.2% in the fourth quarter. Consumer price growth is projected at 10% during the year.

According to the report, the average annual inflation is projected at 6.7% in the first quarter of 2024 and 6% during the year. Consumer prices in Azerbaijan are expected at 5.6% in 2025.

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