BAKU, Azerbaijan, April 15. Analysts at the Dutch ING Group estimated the average annual inflation rate in Azerbaijan for this year to be 3.1 percent, down from the previous forecast of 4.4 percent, Trend reports.
According to ING, this figure is expected to be 3.8 percent in
2025, down from 5.5 percent in the previous prediction.
Meanwhile, the UN expects that Azerbaijan's average annual
inflation rate will be 5.9 percent in 2024 and 3.9 percent in
2025.
The Asian Development Bank (ADB) forecasts this indicator to be
5.5 percent in 2024 and 6.5 percent in 2025, while the World Bank
(WB) forecasts 2.2 percent and 2.3 percent in the mentioned
years.
The Central Bank of Azerbaijan expects annual inflation to be 5–5.5
percent in 2024.
ING Group, established in Amsterdam, is a Dutch multinational
corporation that offers a variety of banking and financial
services. Retail banking, direct banking, commercial banking,
investment banking, wholesale banking, private banking, asset
management, and insurance are among its primary business
operations.
