Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Tajikistan
- 2008↑ Upward pressure
The world food price crisis ↗ — Wikipedia (opens in a new tab)
Tajikistan's dependence on imported food left domestic inflation exposed to the 2008 global food-and-fuel shock. IMF staff expected relief only as international food and fuel prices retreated late in the year.
- 2011↑ Upward pressure
The 2011 food and fuel price shock ↗ — Wikipedia (opens in a new tab)
Russia's export ban raised the price of Kazakh wheat and flour, the main imported staples for Tajikistan. With food and fuel making up more than 60% of its CPI basket, headline inflation reached 12% in February 2011.
- 2015↕ Mixed effects
The economy of Tajikistan ↗ — Wikipedia (opens in a new tab)
Russia's slowdown cut Tajik migrant workers' remittances by 33% in 2015, reducing household incomes and foreign-exchange inflows. The somoni then depreciated sharply, and the IMF expected exchange-rate pass-through to lift average inflation into double digits.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.