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Central Bank of Azerbaijan assesses impact of climate change on inflation
Finance
- 30 April, 2025
- 16:57
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Climate change may affect overall inflation in Azerbaijan by 0.5-1 percentage points by 2035, Report informs, citing the Central Bank of Azerbaijan.
According to the bank, the greatest pressure is expected on food inflation - from 1.5 to 2 percentage points.
The bank emphasizes that climate change and the transition to a greener economy are creating new inflation risks worldwide.
In 2024, the CBA conducted a comprehensive study of the impact of climate factors on macroeconomic indicators and monetary policy, examining international experience and strategies of leading central banks.
Author
AMB iqlim dəyişikliklərinin inflyasiyaya təsrini qiymətləndirib
ЦБА оценил влияние климатических изменений на инфляцию
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