ING updates inflation forecast in Azerbaijan

15:09 - 13.01.2025


January 13, Fineko/abc.az. The Netherlands' largest banking group ING Group forecasts average annual inflation in Azerbaijan at 4.4% this year and 4.5% in 2026, ABC.AZ reports, referring to company's forecast.

The new forecast for the current year has increased by 0.3 percentage points compared to the company's previous expectations, while the forecast for 2026 matches the expectations from December last year.

According to the forecast, the average annual inflation in Azerbaijan will be 5% in the first quarter of 2025, 5.3% in the second quarter, 3.5% in the third quarter, 3.7% in the fourth quarter, and 5.4% in the last quarter of 2026.

The Ministry of Economy expects annual inflation in the country to be 4.6% in 2025 and 4% in 2026. According to the latest forecasts by the Central Bank of Azerbaijan (in October 2024), inflation will be 5.8% in 2025.

The UN, in turn, forecasts inflation in Azerbaijan at 3.6% this year and 3.1% in 2026. Recall that the average annual inflation in Azerbaijan for the first 11 months of last year was 2%.