Inflation decelerating in Tajikistan amid stable fuel prices, strengthening national currency - EDB

DUSHANBE. Aug 25 (Interfax) - Annual inflation in Tajikistan decelerated to 3.5% in July from 3.6% in June and 3.8% in May, the Eurasian Development Bank (EDB) said in its latest macro overview.

EDB analysts said that price growth remains within the National Bank's target range of 5% + or - 2 percentage points. The analysts believe that the stability in prices for imported fuel and the strengthening national currency have been restraining inflation.

"The somoni has risen 14% against the dollar since the beginning of the year amid rising remittances from abroad and high prices for gold, one of the country's main export items. We expect inflation to be 3.3% year-on-year by the end of the year," according to the overview.

Consumer prices rose 3.6% in 2024 versus 3.8% in 2023.