Finance

Inflation expectations remain high in Uzbekistan, especially in major cities

Inflation expectations remain high in Uzbekistan, especially in major cities
Inflation expectations remain high in Uzbekistan, especially in major cities / Photo: UzDaily.

Tashkent, Uzbekistan (UzDaily.uz) — According to April surveys, inflation expectations in Uzbekistan have remained at 14.2% annually, as reported by the Central Bank of Uzbekistan.

The majority of respondents expect significant price increases for fuel, transport, and utilities, while fewer predict a significant rise in the value of foreign currency.

The highest inflation expectations are seen among residents of Tashkent, Ferghana, and Tashkent regions (ranging from 15.4% to 16.9% annually), while respondents from Navoi, Kashkadarya regions, and Karakalpakstan anticipate lower inflation (from 11.8% to 12.4%).

Inflation expectations are higher among people with monthly incomes above 5 million sums, while those with incomes between 3 million and 4 million sums provide the lowest forecasts.

Entrepreneurs surveyed by the Central Bank expect inflation at 12.8% annually, slightly lower than the 13% annual figure recorded in March 2025. Key concerns among entrepreneurs include rising utility tariffs, fuel prices, and tax burdens.

Moreover, the perceived inflation rate has risen to 14.4% annually, reflecting an increased sensitivity of the population to price changes for goods and services.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.