Perceived Inflation in Uzbekistan Rises Again in December 2025 After Period of Decline

Tashkent, Uzbekistan (UzDaily.com) — Perceived inflation in Uzbekistan slightly increased in December 2025 after several months of decline, according to data from the Central Bank of Uzbekistan.

Based on the December survey, the average estimate of price growth over the past 12 months reached 12%, up 0.2 percentage points from November. The median value remained unchanged at 10.2%.

The highest inflation expectations were recorded among residents of Tashkent, with an average estimate of 14.3%. Similar figures were reported in Kashkadarya Region — 14.1%, and Tashkent Region — 13.8%. The lowest assessments came from respondents in Khorezm Region — 10.4%, Samarkand Region — 10.6%, and Jizzakh Region — 10.9%.

By social and professional groups, the highest perceived inflation was reported in the education sector — 13.2%, among pensioners — 13.1%, and industrial workers — 13%. Respondents working in household services reported an average of 10.3%, students — 10.7%, and workers in hospitality and transport — about 11%.

Respondents with monthly incomes over 30 million soums reported the highest perceived inflation, averaging 17.5%, followed by those with incomes from 20 to 30 million soums — 17.2%. In all other income categories, perceived inflation did not exceed 14%. The lowest values were recorded among respondents earning up to 2 million soums — 10.5%, and those earning 2 to 4 million soums — 11.5%.

Regarding price changes, the largest increases were noted for meat and dairy products, reported by 48% of respondents, slightly down from 49% in November. Fuel (gasoline and other types) was next, with 37% noticing higher prices.

Other notable increases were reported for fruits and vegetables — 33%, electricity and gas — 29%, and medications — 23%. The share of respondents noticing higher transport costs rose significantly to 22%, compared with 13% in November.

The least noticeable price increases were for rice, mentioned by 7% of respondents. Bread and flour as well as educational services were noted by 9%. The share of respondents observing higher clothing and footwear prices fell to 17%, down from 19% in the previous month.