Baku 28° C
ADB sharply increases its inflation forecast for Azerbaijan
Finance
- 21 September, 2022
- 05:27
The Asian Development Bank (ADB) predicts inflation in Azerbaijan to be at 11.5% this year, said the Bank's Asian Development Outlook for September, Report informs.
According to the document, this indicator is 4.5 percentage points higher than the ADB's April forecast.
The bank increased its inflation forecast in Azerbaijan by 1.7 percentage points to 7% next year.
ADB expects inflation in the Caucasus and Central Asia region to be 11.5% (2.7 percentage points higher) this year and 8.5% (1.4 percentage points higher) next year.
Author
Latest News
12:50
Trump says Iran not ready to make 'right deal'
Other countries12:35
Montenegro announces half-million-euro reward for assistance in capturing drug gang leader
Other countries12:15
At least 13 Tunisians missing after migrant boat sinks off Tunisia
Other countries11:59
Powerful blast occurs in weapons depot in Libya's Misrata
Other countries11:45
Photo
Train carrying Russian wheat, propane for Armenia departs from Bilajari station
Infrastructure11:36
Death toll from Colombia earthquake rises to 329
Other countries11:25
Iran to look at lifting restrictions on Iraqi tankers in Hormuz Strait
Other countries11:11
Azerbaijan, Germany strengthening co-op in railway transport
Infrastructure10:47