BAKU, Azerbaijan, April 11. The Asian Development Bank (ADB) has forecast average annual inflation in South Caucasus and Central Asia (CA) countries to be 7.9 percent in 2024, compared to 10.5 percent in 2023, Trend reports.
Based on the bank's estimate, the inflation rate for 2025 will amount to seven percent.
ADB forecasts average annual inflation in Azerbaijan at 5.5 percent in 2024 and 6.5 percent in 2025.
Trading Economics analysts project average annual inflation in Azerbaijan in 2024 at the level of five percent.
Azerbaijan's Ministry of Economy estimates annual inflation of
5.3 percent in 2024, whereas the UN predicts 5.9 percent this
year.
The International Monetary Fund predicts that average annual
inflation in Azerbaijan will decline to 4.7 percent this year,
while the World Bank believes that average annual inflation in
Azerbaijan will amount to 5.8 percent by 2024.
The Dutch ING Group estimates Azerbaijan's average annual inflation
rate to be 4.4 percent this year.
