DUSHANBE, Tajikistan, September 21. Inflation in Tajikistan stood at 0.6 percent in August 2023, increasing from the 0.3 percent recorded in July 2023, Trend reports.
Data from the country's National Bank reveals that the annual inflation rate for August reached 4.2 percent, which is a rise from the 2.3 percent recorded in July 2023.
The country's monetary base amounted to 34.5 billion somoni ($3.119 billion) in August 2023.
For the year 2023, the National Bank of Tajikistan aims to maintain the inflation rate within the range of 6 percent (±2 percentage points), in line with previous years' targets.
At the same time, the Asian Development Bank (ADB) recently revised its inflation expectations for Tajikistan. The bank now anticipates that inflation in Tajikistan will decrease to 5.5 percent in 2023, down from the previous forecast of 7 percent.
The bank's analysts have also adjusted their inflation forecast for 2024. While the April projection was 6.5 percent, the new forecast sets it at 6 percent. However, these figures still surpass the 4.2 percent inflation recorded in 2022.
