Register for JEIC

Inflation perceptions in Uzbekistan at lowest level since March 2022

By Muzaffar Ismailov in Tashkent July 16, 2023

The inflation perceptions of Uzbek citizens have fallen for a fifth month in a row since a surge in January, according to the central bank .

January brought abnormally cold weather, a factor in taking the average price growth perception to 20%. By March, the perception was down to 14%. The median estimate at the start of the year was around 15%. In the following months, it did not exceed 12%.

As of June, the figures were 12.9% and 10.6%, respectively.

Among the regions, residents of Tashkent (17%) felt price increases the most, followed by Bukhara (13.5%) and Samarkand (13.3%).

Lower-income groups expressed strong sentiments about price increases for travel and fat-and-oil products.

Wealthier households showed sensitivity to rent and medical service price rises, but were less concerned with transport and drink price increases.

Related Articles

Iran pushes farm-trade pivot to EEU as US blockade squeezes Gulf ports

The Islamic Republic of Iran wants to widen agricultural trade and joint investment with Eurasian Economic Union (EEU) states, a deputy agriculture minister told the bloc's farm-policy council ... more

Eurasian Development Bank receives first-time Ag credit rating from CCXAP

The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable ... more

Uzbekistan's Mirziyoyev heads to Minsk as Lukashenko widens his diplomatic circle

Shavkat Mirziyoyev, Uzbekistan's president, began a two-day official visit to Belarus on July 7 at the invitation of Alexander Lukashenko, in the latest sign of Minsk's push to broaden its ... more

Dismiss