ING: Inflation to decrease further in Azerbaijan

ING: Inflation to decrease further in Azerbaijan
# 04 December 2023 12:09 (UTC +04:00)

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.

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THE OPERATION IS BEING PERFORMED