Renaissance Capital publishes inflation forecast for Tajikistan

Tajikistan Materials 25 January 2023 17:09 (UTC +04:00)
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, January 25. Investment Bank Renaissance Capital has shared a forecast on the inflation rate in Tajikistan in 2023, Trend reports with reference to the bank's report.

Renaissance Capital expects the inflation rate in Tajikistan to accelerate to 7 percent in 2023.

The Investment Bank noted that Tajikistan became a country where inflation slowed down in 2022. According to official data, it reached 4.5 percent year-on-year in November 2022 after 8 percent in December 2021.

"During the last year, as in most countries of the region, there was an acceleration of monthly price growth rates in March-April. According to running data, the GDP growth of Tajikistan in 2022 eased but remained high at the level of 8 percent, facilitated by the high growth rates of industry and agriculture," Renaissance Capital said.

Renaissance Capital is a leading emerging and frontier markets-focused investment bank founded in 1995 in Russia.