Uzbekistan has reported a December annual inflation reading of 8.77%, a touch up on November’s 8.76%. Nevertheless, the country is still enjoying the lowest price growth recorded since August 2016.
Monthly inflation in December was 1.24%, the national statistical bureau added.
Food prices moved up 1.3% for the third month in a row.
In the food basket, vegetables (7.3%) and fruits and nuts (5.2%) saw the highest monthly inflation in December. The smallest increases were observed in cereals (0.2%) and meat products (0.1%). Prices of fat and oil products (-0.5%), sugar (-0.8%) and eggs (-0.4%) fell slightly.
Over the year, eggplant and onion prices declined by more than 40%, while prices for sunflower oil (-17.8%), carrots (-15.5%), potatoes (-14.7%) and flour (-1.1%) also decreased.
In the manufactured goods segment, December inflation accelerated to 1% m/m and 7.7% y/y.
Gasoline became more expensive by 3.3% m/m and 19% y/y. The m/m increase in propane prices slowed slightly to 5.1%, but annual growth accelerated to 29.4%.
The cost of transport services grew by 1.7% m/m. Rail travel became costlier by 0.8% m/m and 32% y/y, and air travel by 2.3% m/m and 20.7% y/y.
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