Central Bank of Azerbaijan changes 2026 inflation forecast to 5.9%

BAKU. Oct 29 (Interfax) - The Central Bank of Azerbaijan has changed its annual inflation forecast for the current year to 5.9%, down from its July estimate of 6.1%, the bank announced.

"According to our estimates, inflation in Azerbaijan will remain within the target range of 4% plus or minus 2% over the medium term. Under the updated baseline scenario, annual inflation for 2026-2027 is projected at 5.9%," according to the statement.

In July, the Central Bank had forecast inflation for 2027 at 5.8%.

The regulator notes that annual inflation in the country stood at 5.5% in September 2026, a decrease of 0.2 percentage points from the figure in August.

The Ministry of Economy projects an average annual inflation rate of 5.7% for 2026.

Consumer prices in Azerbaijan rose 5.4% in 2025.