Inflation in Turkmenistan
Turkmenistan - InflationAccording to official figures, the economy expanded a robust 6.3% in Q1 from the previous quarter on the back of solid private sector activity. However, the fallout from the Covid-19 pandemic and the collapse in global oil prices, which have severely depressed oil and gas revenues, is set to deal a heavy blow to the economy this year. While authorities still claim there are no virus cases, President Berdymukhamedov announced measures in the beginning of April to cushion the impact of the pandemic, including increased import-substitution; heightened levels of industrial self-sufficiency; additional credit to small- and medium-sized firms; and tax deferrals. The government’s budget is currently being revised to account for these measures but there are no details of the size of the package thus far.
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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