Azerbaijan expects 5.3% inflation in 2027, Finance Minister Babayev says

Azerbaijan's Finance Minister Sahil Babayev said inflation in the country is expected to reach 5.3% in 2027. According to Modern.az, he made the remarks during a joint meeting of Milli Majlis committees on natural resources, energy and ecology; labour and social policy; health; and international relations and interparliamentary ties, where the 2027 state budget draft was discussed.

Babayev said inflation is currently held within a controlled range. He also noted positive dynamics in the labour market, saying the number of employment contracts in the private sector has grown by more than 50,000.