BAKU, Azerbaijan, April 17. The annual inflation in rate in Tajikistan has been estimated to stand at 3.6 percent in March 2023, in accordance with the forecast of the Eurasian Development Bank (EDB), Trend reports with reference to the EDB’s weekly macroeconomic outlook.
The EDB believes that the decrease in inflation rate from 4.5 percent in February 2023 to 3.6 percent in March is linked to the rapid rise in prices that occurred in Tajikistan in March of the previous year.
The EDB forecasts the annual inflation in Tajikistan to set at 6 percent at the end of 2023, which corresponds with target inflation rate of National bank of Tajikistan for this year– within 6 percent (±2 percentage points), as it has been over the past few years.
At the same time, the World Bank (WB) expects inflation in Tajikistan to remain within the range from 4 to 8 percent, supported by tight monetary policy.
The Eurasian Development Bank is an international financial institution founded in 2006 and headquartered in Kazakhstan’s Almaty city. The bank carries out investment activities aimed at developing economies, as well as trade and economic relations in its member states.