Annual inflation in Uzbekistan slowed down in March and April. The slowdown is expected to continue in May-June. This was stated by the Chairman of the Central Bank of Uzbekistan, Mamarizo Nurmurodov, the correspondent of the “Daryo" reports.
"The fact that the aggregate weight of goods and services, the prices of which have increased by more than 10 percent in the structure of the consumer basket, peaked in recent months and remained at about 60 percent even in March, indicates the need to maintain relatively tight monetary conditions, even if consumer demand in domestic markets and the offer adapting to it is not fully balanced. In particular, the prices of 258 goods and services in the consumer basket of 510 items increased by more than 10% year—on-year, and their combined weight increased to 60% in the basket,” Mamarizo Nurmurodov said.
In March—April, there was also a decline in core inflation, which slowed to 12.9 and 12.5% per annum, respectively (13.8% in December 2022).
However, the fact that the core inflation rate is formed higher than the general inflation rate means that inflation risks in the economy persist.
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