BAKU, Azerbaijan, April 11. The Asian Development Bank (ADB) anticipates Azerbaijan's average annual inflation in 2024 to be 5.5 percent, compared to 8.8 percent in 2023, Trend reports.
According to the bank's data, the 2025 inflation rate is forecast to be 6.5 percent in Azerbaijan.
Trading Economics analysts forecast average annual inflation in Azerbaijan in 2024 at the level of five percent.
The Azerbaijani Ministry of Economy forecasts annual inflation
of 5.3 percent in 2024, whereas the UN anticipates 5.9 percent this
year.
The International Monetary Fund expects average annual inflation in
Azerbaijan to fall to 4.7 percent this year, while the World Bank
expects average annual inflation to reach 5.8 percent in 2024.
The Dutch ING Group expects Azerbaijan's average annual inflation
rate to be 4.4 percent this year.
