The perceived level of inflation in Uzbekistan reached a minimum of 12.9%, which is 3.9% higher than the official annual inflation, according to data revealed in a survey conducted by the Central Bank of Uzbekistan. The survey aimed to assess how the population perceives price increases in different industries, regions, and income groups, as reported by Gazeta.uz.
The inflation felt by the population has been declining for the fifth consecutive month. In June, it dropped by an additional 0.7 percentage points to 12.9%, as stated in a review by the Central Bank of Uzbekistan. This marks the lowest figure recorded since the publication of this review. The last time inflationary sentiments were at such low levels was in February 2022 (13.1%).
In January, amidst abnormal frosts, the population estimated the rise in prices at 19.5%, but since then there has been a consistent decline. The difference with the official inflation rate, which stood at 9% in annual terms in June, is 3.9%.
Most of the respondents felt a rise in prices between 9-12% and 6-8%, although the number of respondents experiencing this level of inflation has decreased compared to May. Conversely, the number of respondents who estimated inflation at 5% or less increased significantly.
CentralasianLIGHT.org
July 17, 2023