ADB published a forecast on Azerbaijan - inflation to be 3%

The Asian Development Bank (ADB) has published inflation expectations in Azerbaijan.

According to ADB’s updated report "Asian Development Prospects for 2021", inflation expectations for this year have been raised in Azerbaijan by 1 percentage point compared with the previous forecast - up to 4.5%.

According to the document, inflation in Azerbaijan will be set at 3% next year.

Inflation is forecasted to be 9.5% in Georgia, 6.9% in Kazakhstan, and 5.5% in Armenia. Next year, inflation in the above-said countries will be 4%, 6.4% and 3%, respectively.