Inflation in Tajikistan is growing rapidly

The acceleration in price growth is due, in particular, to the strong dynamics of domestic demand, as well as an increase in world energy prices, according to the EDB report

Inflation in Tajikistan almost doubled last month.

This is stated in the weekly report of the Eurasian Development Bank (EDB).

Its figure exceeded the July figure of 2.3% in annual terms.

It is noted that the growth is associated, among other things, with the acceleration of inflation in Russia.

In addition, the indicator is affected by the strong dynamics of domestic demand, as well as an increase in world energy prices.

This situation was predicted by both the EDB and the National Bank of the country.

Thus, at the end of the year the inflation rate will be 4-8%.

EDB: demand dynamics in Tajikistan’s economy remain strong

Earlier, the EDB noted that during 2023, low inflation was recorded in Tajikistan, and the May figure of 2.4% was the lowest since 2018.

The bank predicted its increase and decrease in the exchange rate of the national currency against the dollar, which has remained virtually unchanged since February 2023 and is about 10.9 somoni per unit.

source: tj.sputniknews.ru