Asian Development Bank (ADB) sharply reduced the inflation forecast of Azerbaijan, APA-Economics reports citing September issue of the Bank's "Development Prospects of Asia".
ADB reduced its forecast for the average annual inflation rate in Azerbaijan from 5.5% to 2.1% for 2024, and from 6.5% to 3.8% for 2025. This is 3.4% and 2.7% less than the Bank's April forecast, respectively.