IMF updates annual inflation forecast for Azerbaijan

The International Monetary Fund (IMF) expects the annual inflation in Azerbaijan will be at the level of 11.3% this year.

Report informs, citing the World Economic Outlook April 2023 Update, that this is 0.5 percentage points more than the Fund's forecast for October.

The IMF expects inflation in Azerbaijan to be 8% next year and 4% in 2028.