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ADB predicts rising inflation in Tajikistan

Tajikistan Materials 11 April 2024 12:01 (UTC +04:00)
Umar Abakirov
Umar Abakirov
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DUSHANBE, Tajikistan, April 11. The Asian Development Bank (ADB) predicts Tajikistan's inflation to climb to 5.5 percent in 2024, which is 0.5 percent lower than the previous projection given in September 2023, Trend reports.

At the same time, the ADB predicts that inflation will rise to 6.5 percent by 2025.

The ADB stated that the increase in inflation will be driven by expectations of more lending as deposits rise, as well as the announced 40 percent increase in pensions, scholarships, and salaries beginning January 1, 2024.

In addition, a 16 percent increase in electricity tariffs will have an impact on Tajikistan's inflation rate.

Meanwhile, Tajikistan's inflation rate in 2023 was 3.8 percent, 0.4 percentage points lower than in 2022.

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