Inflation for Jan-Oct 2011 estimated at 8.9%

DUSHANBE, November 16, 2011, Asia-Plus — In Tajikistan, inflation for the first ten months of this year has stood at 8.9 percent, according to the Agency for Statistics under the President of Tajikistan. 9.9 percent rise in prices of products of food industry has been reported in January-October and non-foodstuffs have risen in cost by […]

Payrav Chorshanbiyev

DUSHANBE, November 16, 2011, Asia-Plus — In Tajikistan, inflation for the first ten months of this year has stood at 8.9 percent, according to the Agency for Statistics under the President of Tajikistan.

9.9 percent rise in prices of products of food industry has been reported in January-October and non-foodstuffs have risen in cost by 6.2 percent over the report period.  Prices and rates for services rendered to the population have risen 9.9 percent over the same ten-month period.

An average inflation rate in consume sector has stood at 0.8 percent.

At first, the government expected the year-end inflation to stand at 7.0 percent in 2011 but in mid-year the year-end inflation was revised from 7.0 to 11 percent.

The International Monetary Fund expects the year-end inflation in Tajikistan to stand at 13.5 percent this year.  

In the meantime, the cost of the set of food products included in the consumer basket for actual consumption in prices as of the end of October 2011 was 121.00 somoni (equivalent to US$25.40) per one family member per month, and with the norm for a balanced diet it was 257.00 somoni (equivalent to some US$54.10), the Agency for Statistics reported.

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