The Asian Development Bank (ADB) has kept its inflation forecast for Azerbaijan unchanged, APA-Economics reports.
This was stated in the Bank's July outlook. Accordingly, the ADB forecasts inflation in Azerbaijan at 5.7% this year and 4.9% in 2027. This is unchanged from the Bank's April forecast.
The ADB noted that, along with Azerbaijan, its inflation forecasts for Kazakhstan, Turkmenistan and Uzbekistan remain unchanged for both 2026 and 2027.
Overall, the inflation forecast for the Caucasus, Central and West Asia region has been raised to 22.0% for 2026, while the forecast for 2027 has been maintained at 16.3%.
It was noted that the upward revision for 2026 is explained by continued price pressures in the region as a result of the Middle East crisis, the slower decline in inflation in Türkiye, and the overall increase in fuel prices.
"The inflation forecasts for Armenia have been revised upward for both 2026 and 2027 due to supply chain disruptions and rising energy costs. Although Russia's restrictions on selected Armenian exports could somewhat ease price pressures by increasing domestic food supply, inflation in the country rose to 4.5% during January-May. Georgia's inflation forecast for 2026 has been raised to 4.9%. This is linked to the conflict increasing energy, transport and production costs. The forecast for 2027 has remained unchanged," the ADB added.
The ADB also raised Türkiye's inflation forecast for 2026 to 29.7%. "This is because inflation is declining more slowly than expected despite tight monetary policy, against the backdrop of persistently high commodity prices. The forecast for 2027 has been kept unchanged at 21.5%," the Bank's outlook emphasized.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
