IMF updates annual inflation forecast for Azerbaijan

The International Monetary Fund (IMF) predicts that the annual inflation in Azerbaijan will be 12.2% this year, Report informs, citing the IMF's World Economic Outlook.

According to the IMF, this is 0.1 percentage points less than the April forecast.

The IMF expects inflation in Azerbaijan to be at 10.8% next year, which is 2.1 percentage points higher than the previous forecast.

In 2021, inflation was at 6.7% in Azerbaijan.