BAKU, Azerbaijan, December 14. Analysts at the Dutch ING company forecast the average annual rate of inflation at 13.8 percent in Azerbaijan in 2022, Trend reports citing the company.
According to ING's forecast, the average annual inflation rate in Azerbaijan will total 10.5 percent in 2023.
For 2024, the company forecasts an average annual inflation rate of 5 percent, and for 2025 - 4.5 percent.
According to the State Statistics Committee of Azerbaijan, the average annual inflation rate in the country from January through November 2022 totaled 13.8 percent. The prices for food, beverages, and tobacco products increased by 19.5 percent for a year. Prices for non-food products rose in price by 8.3 percent, and paid services to the population - by 10.4 percent.