Fitch Solutions (FS) forecasts Azerbaijan’s annual inflation to stay below 5% over the next decade.
The country's average inflation over the past ten years was 5.5%. While high food prices and the Russia-Ukraine war continue to exert pressure, inflation is expected to ease gradually.
FS projects inflation at 4% in 2025, rising to 4.7% by 2027, then slowing to 2.7% in 2029 and 0.1% by 2034. The exchange rate is expected to remain stable, supported by steady oil and gas revenues.
The Central Bank of Azerbaijan (CBA) targets inflation at 4±2% and relies on exchange rate control for price stability. Unlike the sharp devaluation in 2015, CBA is now in a stronger position, though high dollarization (48.4% of deposits in foreign currency) limits monetary policy effectiveness.
A four-year plan aims for inflation targeting by 2026, potentially increasing exchange rate flexibility.
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President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan arrived in Azerbaijan on Tuesday (16 September) for an official visit that included ceremonies in Shusha and wide-ranging talks with President Ilham Aliyev.
Turkish President Recep Tayyip Erdoğan on Monday marked the anniversary of the liberation of Azerbaijan’s capital, Baku, from enemy occupation.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan arrived in Azerbaijan on Tuesday (16 September) for an official visit that included ceremonies in Shusha and wide-ranging talks with President Ilham Aliyev.
Kazakhstan is moving forward with the construction of a major transport and logistics hub, the Kolzhat Dry Port, at its border with China, LS.com reported on 15 September.
On 15 September, President of the Republic of Azerbaijan Ilham Aliyev received Salim bin Mohammed AlMalik, Director-General of ICESCO, in Shusha.
Iran has accused a U.S. delegation in Vienna of threatening the International Atomic Energy Agency (IAEA) of cutting off financial support if a draft resolution tabled by Tehran is passed. This resolution condemns the military attacks on nuclear sites in June.
On September 14, President of the Republic of Azerbaijan Ilham Aliyev visited the Hadrut settlement in the Khojavend district. The head of state was briefed on the developments in the settlement.
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