Inflation rates, after a hike in 2008, are back to pre-crisis levels (Figure 2), but consumer prices will remain under pressure. In the oil-importing countries (Tajikistan, Kyrgyzstan), one can expect further rounds of energy price increases following the developments of global energy prices and ongoing utility reforms necessitating further rounds of tariff adjustments (World Bank 2010b). The recent increase in international wheat prices could put further upward pressure on consumer price indices in the region if international prices are passed through to domestic consumers (IMF 2010a).