World bank: Inflation in Azerbaijan will be single digit in 2023

World bank: Inflation in Azerbaijan will be single digit in 2023
# 06 April 2023 17:22 (UTC +04:00)

The World Bank (WB) has updated Azerbaijan's inflation forecast for 2023-2025, APA-Economics reports citing WB.

WB forecasts that inflation in Azerbaijan will decrease from 13.5% in 2022 to 8.5% in 2023. This is close to the expectations of the Central Bank of Azerbaijan (CBA).

Thus, the CBA's inflation forecast for this year is 8%. The World Bank also predicted that inflation will decrease in Azerbaijan in 2024 and 2025. In 2024, this number will be 6.2%, and in 2025, it will be 5.4%.

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