Inflation in Turkmenistan

Turkmenistan Inflation | Economic News & Forecasts

Turkmenistan - Inflation

Available data for the first nine months of this year is fairly positive: Customs data shows that exports to China returned to growth in annual terms, pointing to a robust external sector. Meanwhile, activity likely benefited from a loosening of Covid-19 restrictions in April. Moreover, Fitch Ratings’ decision to assign the country a credit rating in August should boost international investors’ confidence, potentially attracting foreign investment. That said, a reported outbreak in Covid-19 cases, although not confirmed by official sources, seemingly led authorities to tighten restrictions in July–August. Additionally, reports of food shortages and a spike in inflation suggest downbeat private consumption. On the upside, a trade deal signed in late October with Kazakhstan could increase food supply, easing the situation.

Turkmenistan - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)7.4  3.6  8.0  13.2  13.4  

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Turkmenistan Inflation Chart

Turkmenistan Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: IMF

Turkmenistan Facts

Value Change Date
Exchange Rate3.500.01 %Jan 01

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