DUSHANBE, April 22, 2016, Asia-Plus – Tajikistan and Russia have reportedly had the lowest inflation rate among the CIS nations in the first quarter of this year – 2.1 percent
Over the same three-month period, inflation rate in Kazakhstan has stood at 3.0 percent, Belarus – at 5.7 percent. In Armenia, the inflation rate stood at 2.2 percent in February alone.
Meanwhile, Abdukhalil Najibulloyev, the head of the price department at the Agency for Statistics under the President of Tajikistan, says prices of foodstuffs have risen over the first three months of this year by 1.7 percent.
According to him, the increase in cost of products of the food industry was caused by a 19.3 rise in prices for apples, potatoes – by 11.3 percent, peas – by 12.1 percent, green tea – by 10.9 percent, onions – by 9.0 percent, sugar – by 8.3 percent, cooking (cotton) oil – by 7.9 percent, butter – 5.4 percent, vodka – 2.2 percent, and beef – 1.8 percent.
Non-foodstuffs rose in cost by 1.8 percent over the same three-month period with the prices increasing most significantly for the following: pharmaceutical product – 9.5 percent, silks – 6.7 percent, toothpastes – by 5.3 percent, and women’s leather shoes – 4.2 percent.
Over the report period, prices and rates for services rendered to the population have increased by 4.3 percent. The ones that increased most significantly were: airline tickets — 1.8-fold, tickets for rail travel – by 5.8 percent, and payment for outpatient services – 1.9 percent.
Meanwhile payment for liquefied gas has decreased over the same three-month period by 5.1 percent.
The government expects the year-end inflation for this year to stand 7.5 percent.
Meanwhile, according to Trading Economics global macro models and analysts expectations, the year-end inflation for 2016 is expected to stand at 6.40. In the long-term, the Tajikistan Inflation rate is projected to trend around 5.00 percent in 2020, according to Trading Economics econometric models.
Tajikistan Inflation Rate forecasts are reportedly projected using an autoregressive integrated moving average (ARIMA) model calibrated using Trading Economics analysts’ expectations.
