The S&P Global Ratings international rating agency predicts that the consumption prices’ index in Azerbaijan will increase by 1.8% compared to 2019, APA-Economics reports citing the agency.
It is expected that the inflation will make up 3.7% in 2021, 2.9% in 2022, and 2.5% in 2023.
Note that the inflation in Azerbaijan equaled to 2.6% in 2019.