Recent reports have revealed increased prices for goods and services in the consumer sector over the last month.
The data shows that prices increased by an average of 0.5% in August, resulting in an annual increase of 9.0%.
The price rise was observed across different categories, with food products increasing by 0.6%, non-food products by 0.4%, and paid services by 0.7%.
Since the beginning of the year, the consumer price index has grown by an average of 3.8%.
Over the year, there has been a significant increase in prices, with goods and services rising by 9.1% and 8.5%, respectively.
Food products, in particular, have seen a steep increase, with cereals rising by 10.3%, meat products by 12.3%, and sugar by 9.3%.
The inflation rate in Uzbekistan in annual terms reached 9% in August, following a similar rate of 8.9% in July.
A May Central Bank survey revealed that Uzbekistan's citizens and businesses expect inflation to reach 13.7% and 13.5%, respectively, in the coming year.
Earlier, Daryo reported that Galymzhan Pirmatov, the Chairman of the National Bank of Kazakhstan, unveiled that the country's inflation is predicted to be around 10-12% by the end of 2023. However, the inflation rate is expected to slow down to 5.5-7.5% by the end of 2025, and it is anticipated to remain close to the target of 5%. Pirmatov highlighted that this trend would alleviate inflation pressure from the external economic environment and maintain favorable monetary conditions. Furthermore, the National Bank's Chairman confirmed that these projections align with the Government's estimates, which aim to ensure economic stability in the country.
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