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ING announces inflation forecast for Azerbaijan

11 November 2026 09:56 (UTC +04:00)

ING Group, the largest banking group in the Netherlands, has forecast that average annual inflation in Azerbaijan will stand at 5.7% in 2026 and 5.4% in 2027, APA-Economics reports.

ING has left its inflation forecasts for 2026 and 2027 unchanged compared with its previous estimates.

The bank's analysts expect average annual inflation to reach 5.7% in the fourth quarter of 2026. The previous forecast stood at 5.8%.

Inflation is projected to stand at 5.5% in the first and second quarters of 2027 and 5.4% in the third and fourth quarters.

ING has also raised its forecast for average annual inflation in Azerbaijan in 2028 by 0.7 percentage points to 6%.

Recall that, according to the State Statistical Committee, average annual inflation in Azerbaijan stood at 5.7% in January–September 2026.

Rahim Tariverdiyev

Azerbaijan ING Group inflation inflation forecast consumer prices 2026 inflation 2027 inflation 2028 inflation State Statistical Committee economic outlook monetary policy