Inflation in Turkmenistan

Turkmenistan Inflation | Economic News & Forecasts

Turkmenistan - Inflation

According 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

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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