Inflation in Turkmenistan
Turkmenistan - InflationIncoming data for the first eight months of 2021 is mixed. The economic panorama improved in early April amid the easing of restrictions, but recent customs data shows that exports to China receded by almost 4% in annual terms in January–August, boding ill for the external sector. Meanwhile, a reported rise in Covid-19 cases, albeit not supported by official sources, seemingly prompted authorities to tighten restrictions in mid-July and again in early August, which should be suppressing domestic activity in H2. That said, Fitch Ratings’ move in August to assign the country a credit rating should boost international investors’ confidence, potentially attracting foreign investment ahead. Moreover, reportedly higher gas production in January–August, combined with the recent spike in commodity prices in the world market, bodes well for exports ahead.
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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