ING (Internationale Nederlanden Groep), the international banking and financial services corporation of the Netherlands, has updated the inflation forecast for Azerbaijan, APA-Economics reports.
ING predicted the consumer price index will come down for the fourth quarter 2023 from 3.6% to 3.3%, and for 2023 from 9.2% to 9.1%.
The corporation considers that inflation in Azerbaijan will decrease further in the next two years. Thus, ING predicted that inflation will be 5.0% in 2024 and 5.6% in 2025.
The Ministry of Economy of Azerbaijan announced that the average annual inflation at the end of 2023 will be 9.5%, 5.3% for 2024, and 4.9% for 2025.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on Facebook
Follow us on Twitter
