Inflation in Turkmenistan

Turkmenistan Inflation | Economic News & Forecasts

Turkmenistan - Inflation

Low gas prices since the end of Q1 2014, the halt of gas sales to Russia in 2016–2019 and poor harvests hurled the economy into crisis. Despite the resumption of energy exports to Russia in April this year, the economy remains under severe pressure. In a bid to keep the overvalued manat afloat, the government imposed strict import controls. This has led to widespread food shortages, which have consequently kept inflation stubbornly high, exacerbated further by the government scrapping free utilities. The controls have also limited the availability of hard currencies. Moreover, gas exports to Iran have often been suspended over price disputes, while the Central Asia-China pipeline, through which Turkmenistan exports gas to China—the nation’s biggest export market—operates close to maximum capacity.

Turkmenistan - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)6.8  6.0  7.4  3.6  8.0  

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Turkmenistan Inflation Chart


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

Turkmenistan Facts

ValueChangeDate
Exchange Rate3.500.01 %Sep 04

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