BAKU, Azerbaijan, March 28. Trading Economics analysts predicted average annual inflation in Azerbaijan in 2024 at five percent, Trend reports.
According to Trading Economics forecasts, average annual inflation in the first quarter is expected to be 1.8 percent, the second quarter - 4.4 percent, third - 5.3 percent, and fourth - 5 percent.
Previously, the Ministry of Economy of Azerbaijan forecast annual inflation in the country at 5.3 percent in 2024, and UN - 5.9 percent.
According to the forecast of the International Monetary Fund, average annual inflation in Azerbaijan this year will decrease to 4.7 percent, and according to World Bank estimates, average annual inflation in Azerbaijan will amount to 5.8 percent in 2024
The Dutch ING Group predicted average annual inflation in Azerbaijan at 4.4 percent this year.