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Azerbaijan's inflation forecast was increased

Azerbaijan

01 August 2023 13:09 (UTC +04:00)

Average annual inflation in Azerbaijan for 2023 is forecasted to be around 10,4%, APA-Economics reports citing Azerbaijan's Ministry of Economy.

"Although average annual inflation for 2023 was initially forecast to be at 6,9 percent level, at the time of revision is projected to be 10.4 percent which is 3,5 percentage points more than the initial forecast, taking into account expected trends, actual indicators," says the Ministry.

Rahim Tariverdiyev

inflation forecast Ministry of Economy

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