Inflation Tajikistan 2023
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 5.0%. The lowest inflation was in July at 2.1%.
- Highest month
- September: 5.0%
- Lowest month
- July: 2.1%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 3.6% lower than the 5-year average of 7.1%. This approaches the lowest level since records began (3.5% in 2023).
- 5-year average
- 7.1%
- 10-year average
- 6.4%
- All-time high (2008)
- 20.7%
- All-time low (2023)
- 3.5%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +3.1 percentage point.
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- July: -6.2 percentage points
ECB Target
Inflation is 1.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.1% | -3.8 |
| February | 4.3% | -2.8 |
| March | 3.4% | -3.9 |
| April | 3.2% | -4.1 |
| May | 2.2% | -5.3 |
| June | 2.2% | -6.1 |
| July | 2.1% | -6.2 |
| August | 4.0% | -2.5 |
| September | 5.0% | -0.7 |
| October | 4.3% | -0.8 |
| November | 3.5% | -0.9 |
| December | 3.8% | -0.2 |
| Average | 3.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.