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%.