DUSHANBE, June 26, 2008, Asia-Plus — The growth of inflation in Tajikistan has resulted not only from rising world food and fuel prices. The growth also stems from a sharp increase in rated consumptions of the country’s population.
This was remarked during presentation of findings of the Second Tajikistan Programming Public Expenditure Review in Dushanbe on June 24.
“High world food and fuel prices are not the only explanation for the growth of inflation in Tajikistan, because prices of the paid services rendered to the population have risen rapidly in the country as well,” Mr. Sudarshan Canagarajah, Lead Economist at the World Bank, said, adding that bread prices last year rose by nearly 50% percent that seriously affected poor people.
According to the World Bank, inflation in Tajikistan rose from 7.1 percent in 2005 to 12.5 percent in 2006 and 19.8 percent in 2007.
According to Tajik central bank, inflation for January-Mary this year stood at 6.8 percent and the bank’s specialist expect inflation to stand at 15 percent by the end of this year.
