ING Group, the Netherlands’ largest banking group, has forecast average annual inflation in Azerbaijan at 5.7% in 2026 and 5.4% in 2027.
ING has left its inflation forecasts for 2026 and 2027 unchanged from its previous estimates, Operative Information Center-OMM reports.
The bank’s analysts expect average annual inflation to reach 5.7% in the fourth quarter of 2026, down from their previous forecast of 5.8%.
Inflation is forecast at 5.5% in the first and second quarters of 2027, and 5.4% in the third and fourth quarters.
ING also raised its forecast for average annual inflation in Azerbaijan in 2028 by 0.7 percentage points, to 6%.
According to the State Statistics Committee, average annual inflation in Azerbaijan was 5.7% in January-September 2026.
