Azerbaijan's Finance Ministry reveals inflation forecast for 2025

Inflation rate in Azerbaijan is expected at 4.6% in 2025, Report informs referring to the Ministry of Finance on the preliminary indicators of the consolidated and state budgets for next year.

The Ministry of Finance also predicts a decrease in the inflation rate to 3.8% in 2028.

The ministry expects that annual inflation in the country in 2024 will be 2.7%.

According to the State Statistics Committee, in January-August of this year, consumer prices increased by 1.3% compared to the same period in 2023, in August by 3.5% compared to the same month last year and by 0.4% compared to July of this year.