The international banking and financial services corporation of the Netherlands ING (Internationale Nederlanden Groep) revised its inflation forecast for Azerbaijan, APA-Economics reports.
ING forecasts that the consumer price index for the fourth quarter of 2023 will be 3.6%, and for 2023 it will be 9.2%. The corporation believes that in 2024-2025 inflation in Azerbaijan will decrease further and will drop to 5.6%.
Th e Ministry of Economy of Azerbaijan announced that the average annual inflation at the end of this year will be 9.5% and 5.3% for 2024, and 4.9% for 2025.