ING updates inflation forecast for Azerbaijan

The Dutch company ING Group predicts average annual inflation in Azerbaijan at 2.2% in 2024, 4.7% in 2025, and 4.5% in 2026, Report informs, citing the company.

The new forecast for 2024 and 2025 is 0.7 percentage points higher than the previous month’s forecast. For 2026, it is 0.3 percentage points higher.

According to forecasts, in the third quarter of 2024, the average annual inflation in Azerbaijan is expected at 3.2%, and in the fourth quarter at 4.5%.

Meanwhile, in the first quarter of 2025, the average annual inflation in Azerbaijan is expected at 5.5%, in the second quarter at 5.9%, in the third quarter at 4% and in the fourth quarter at 3.6%.