Inflation soars to 13.4% in Uzbekistan, fuel, meat, and dairy prices surge
In September, the population of Uzbekistan experienced a significant inflation rate of 13.4%, with residents noting substantial increases in the prices of essential goods such as meat, dairy products, and fuel. A survey conducted by the Central Bank revealed that many respondents highlighted sharp rises in the costs of items like meat, milk, gasoline, and other types of fuel.
The survey results showed that the public perceived an inflation rate of 13.4%, with Tashkent city and Andijan region recording the highest rates at 15.4% and 14.6% respectively. On the other hand, Fergana and Navoi regions had the lowest inflation rates at 12.1% and 12.2%.
Respondents predominantly mentioned significant price increases for meat, milk, gasoline, and fuel. The survey also indicated perceived price hikes for medicines (29%) and rental costs (18%) over the month.
Individuals with monthly incomes exceeding 5 million UZS reported higher perceived inflation rates, with those earning over 15 million UZS noting a rate of 15.4%. In contrast, respondents earning up to 2 million UZS experienced a lower perceived inflation rate of 12.8%.
In Surkhandarya and Andijan regions, 35% of respondents reported inflation rates exceeding 17%, while in Tashkent city, this figure was 33%.
Earlier reports stated that the annual growth rate of prices in the consumer sector for September was 10.46%, with a disparity of 2.9% between the perceived inflation rate and the official rate. These findings shed light on the economic challenges faced by Uzbekistan’s residents due to rising prices of essential goods.
