The International Rating Agency "S&P Global Ratings" has reduced its average annual inflation forecast in Azerbaijan from 3% to 2% this year, this was stated in the report of "S&P Global Ratings" on the approval of Azerbaijan's sovereign credit ratings, APA-Economics reports.
The agency set average annual inflation expectations in Azerbaijan at 4% for 2025 and 3% for 2026-2027. In other words, S&P reduced its forecast for this year by 1 percentage point, increased it by 1 percentage point for 2025, and did not change its forecast for 2026-2027.