IMF discloses inflation forecasts in Azerbaijan until 2031

The International Monetary Fund (IMF) forecasts average annual inflation in 2025 in Azerbaijan at 5.7%, and annual inflation at 5.2%, Report informs referring to the IMF.

According to forecasts, average annual inflation in 2026 will be 4.5%, and in 2027-2030 - 4%. Annual inflation in the period 2026-2030 is also expected to be at 4% annually.

According to forecasts by the Ministry of Economy of Azerbaijan, average annual inflation in the country in 2025 will be 5.1%, and in 2026 it will decrease to 4.3%. In April of this year, the Central Bank of Azerbaijan forecast inflation at 5.3% in 2025 and 4.3% in 2026. The United Nations (UN) expects inflation in Azerbaijan to be 3.6% in 2025 and 3.1% in 2026.

The World Bank estimates average annual inflation in the country at 2.3% in both years. The Asian Development Bank forecasts average annual inflation in Azerbaijan at 4.2% in 2025 and 3.5% in 2026. International rating agencies S&P Global and Moody's forecast average annual inflation in Azerbaijan at 4% this year and 3% next year.

The largest banking group in the Netherlands, ING Group, forecasts average annual inflation in Azerbaijan at 5.2% in 2025 and 5.1% in 2026.

The average annual inflation in Azerbaijan last year was 2.2%, and in January-March 2025 - 5.6%.