Inflation in Turkmenistan
Turkmenistan - InflationAvailable 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
|Inflation Rate (CPI, annual variation in %)||7.4||3.6||8.0||13.2||13.4|
5 years of economic forecasts for more than 30 economic indicators.
Turkmenistan Inflation Chart
|Exchange Rate||3.50||0.01 %||Jan 01|
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