BAKU, Azerbaijan, Jan. 22
By Sadraddin Aghjayev - Trend:
The average consumer prices in Azerbaijan in 2022 may grow by 6.5 percent, Trend reports citing S&P Global Ratings Agency.
According to the agency, in 2023, the average annual inflation in Azerbaijan may reach 4.5 percent, and in the next two years it may slow down to three percent.
According to the forecasts of the Central Bank of Azerbaijan, from the second half of this year, inflation is expected to shift to the upper limit of the target range in the country.
In 2021, the average annual inflation in Azerbaijan amounted to 6.7 percent.