11:45 - 20.09.2023

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September 20, Fineko/abc.az. The Asian Development Bank (ADB) predicts inflation in Azerbaijan to be at 10% this year, ABC.AZ reports with reference to Bank's Asian Development Outlook for September.

According to the document, this is 3 p.p. higher than the ADB's April forecast.

The bank forecasts 8.5% inflation in Azerbaijan next year, 2 p.p. higher than the previous forecast.

ADB expects inflation in the Caucasus and Central Asia region to be 10.6% (0.3 p.p. higher) this year and 8% next year (0.5 p.p. higher).