World Bank increases inflation forecast for Azerbaijan

Kanan Sadigov
Post's author

The World Bank predicts that the inflation in Azerbaijan will rise to 12.5% this year and 9.5% in 2023, Report informs, citing the bank's Europe and Central Asia Economic Update.

These figures are 3.5 percentage points and 2.9 percentage points higher than the World Bank's April forecast, respectively.

In 2024, inflation in Azerbaijan is expected to be 8%, which is 2 percentage points higher than the previous forecast.

Latest news

AZCHEMCO Vice-Chairman Rifat Sultanzada: Gobustan codes - salvation of humanity from global climate change 21 November, 2024 / 21:05
Azerbaijan, Uzbekistan mull cooperation 21 November, 2024 / 20:56
'City for People in Baku' event held within COP29 in Baku 21 November, 2024 / 20:44
10 Turkish banks commit not to finance coal projects 21 November, 2024 / 20:34
Azerbaijan, Chile mull cooperation within International Transport Forum 21 November, 2024 / 20:30
Mirzoyan, Bundestag committee chairman mull Armenia-Azerbaijan peace process 21 November, 2024 / 20:29
Azerbaijan rejects unfounded accusations in Luxembourg parliament's resolution 21 November, 2024 / 20:26
Ruth Davis: It's time to apply integrated approach to environmental issues 21 November, 2024 / 20:23
Panel discussion on transition in agri-food system held at COP29 21 November, 2024 / 20:16
Gintautas Paluckas confirmed as Lithuania’s new prime minister 21 November, 2024 / 20:11
Azerbaijani, Turkish officials discuss efforts to combat climate change 21 November, 2024 / 20:03
Leyla Aliyeva speaks at COP29 event dedicated to leopard protection 21 November, 2024 / 19:58
COP29 discusses impact of climate change on transboundary water resources 21 November, 2024 / 19:54
Members of Nizami Ganjavi Center call for increased funding for gender-oriented projects 21 November, 2024 / 19:50
Gunmen attack Pakistan passenger vehicles, killing at least 38 people 21 November, 2024 / 19:44