2024-04-06 00:08:24
The inflation forecast for 2024 has been left unchanged (the forecast for January of this year is 5.3 percent), Day.Az reported on Thursday with reference to Trend.
According to the Central Bank of Azerbaijan (CBA), in general, increasing and decreasing risks of inflation balance each other.
“Annual inflation is expected to remain within target (4±2%) in 2024 if current conditions remain unchanged. The analysis shows that for the rest of the year there is a possibility of a downward change in the annual inflation forecast,” the report said. CBA.
The CBA mentioned that annual inflation rates have continued to decline since the last session.
“In February 2024, 12-month inflation was 0.8 percent and 12-month core inflation was 1.4 percent. Annual food deflation was 0.3 percent, non-food inflation was 1.4 percent, and services inflation was 2.” 3 percent. The decrease in annual inflation occurs under the influence of external and internal factors,” the Central Bank emphasized.
It should be noted that analysts from the Dutch ING predict average annual inflation in Azerbaijan in 2024 at 4.4 percent, and the UN predicts average annual inflation in Azerbaijan in 2024 at 5.9 percent.
In turn, the International Monetary Fund predicts that average annual inflation in Azerbaijan in 2024 will be 4.7 percent
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