Baku 5° C
World Bank increases inflation forecast for Azerbaijan
Finance
- 04 October, 2022
- 14:25
The World Bank predicts that the inflation in Azerbaijan will rise to 12.5% this year and 9.5% in 2023, Report informs, citing the bank's Europe and Central Asia Economic Update.
These figures are 3.5 percentage points and 2.9 percentage points higher than the World Bank's April forecast, respectively.
In 2024, inflation in Azerbaijan is expected to be 8%, which is 2 percentage points higher than the previous forecast.
Author
Latest News
23:59
EU trying to neutralize risks amid escalation in Middle East
Other countries23:56
Kuwaiti Navy servicemember killed in line of duty
Other countries23:50
Iran declares readiness for long-term defense
Other countries23:45
King of Jordan urges Trump toward sustained de-escalation
Other countries23:40
Kazakhstan expresses gratitude to Azerbaijan for assistance in evacuation of its citizens
Region23:31
Baku to host 12th Ministerial Meeting of SGC Advisory Council
Energy23:25
IRGC attacks US allies' tanker in Strait of Hormuz
Region23:05
Melania Trump to preside at UN Security Council meeting
Other countries23:02