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Inflation in Tajikistan in August 2025 amounted to 3.1% year-on-year, down from 3.5% in July, according to the Eurasian Development Bank's (EDB) weekly macroeconomic review.
According to the bank, price growth in the country continues to remain within the target range set by the National Bank of Tajikistan (5% ± 2 percentage points). "Stable prices for imported goods, primarily energy, as well as the stability of the national currency, continue to curb inflation," the report notes.
The Eurasian Development Bank (EDB) forecasts that by the end of 2025, inflation in Tajikistan will amount to 3.3% in annual terms.
The review also includes data for other countries in the region. In Belarus, real wage growth accelerated to 8% year-on-year in August, while in Kazakhstan, fixed capital investment grew by 14.3% from January to August, and by 20.1% in Kyrgyzstan over the same period. In Russia, industrial production increased by 0.5% in August, but the growth rate has slowed for the third consecutive month. In Uzbekistan, the foreign trade deficit narrowed to $5.5 billion in January–August, driven by increased gold and food exports.
According to EDB experts, positive price dynamics in Tajikistan, along with the stability of the exchange rate, are an important factor in the country's macroeconomic stability.
