17:18 - 30.06.2026

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June 30, Fineko/abc.az. Dutch banking group ING has revised its inflation outlook for Azerbaijan, forecasting annual inflation of 5.8% in 2026, 5.6% in 2027, and 5.3% in 2028.

ABC.AZ reports that the updated projections lower the bank's 2026 forecast by 0.3 percentage points compared with its previous estimate, while the 2027 forecast has been revised up by 0.1 percentage points. The 2028 projection has been included for the first time.

In addition, the banking group included a forecast for 2028 in its estimates for the first time. According to ING's calculations, the inflation rate in 2028 will reach 5.3%.

Official data from Azerbaijan's State Statistics Committee show that average annual inflation stood at 5.6% in 2025, up from 2.2% in 2024. Inflation averaged 5.6% in the first five months of 2026.

ING analysts expect average annual inflation to reach 5.7% in the second quarter of 2026 (previous estimate was 5.5%), 5.8% in the third quarter (earlier - 5.4%), and 5.6% in the fourth quarter (previously - 5.6%).