The data from September 30 reflects a notable increase in inflation, primarily driven by surging food prices and rising energy costs. The annual inflation rate has reached 9.2%, while year-to-date inflation for the first nine months of the year is recorded at 5.13%.
Monthly inflation in September was recorded at 1.24%, the highest monthly inflation in 2023. The annual inflation thus reached 9.2%.
One of the primary drivers of inflation in September was the sharp increase in food prices. Items such as flour, eggs, carrots, and potatoes experienced significant price hikes, influenced by suspended deliveries from Kazakhstan.
The cost of energy sources, including petrol and methane, continued to rise during the month.
Food prices rose by 1.8%, non-food prices by 1.0%, and services by 0.6% in September. Since the beginning of the year (for January-September), inflation has risen to 5.13%, compared to 8.1% for the same period in 2022. In August, inflation was 0.5%, while deflation was recorded in June and July at 0.29% and 0.16%, respectively.
Earlier Daryo reported that as per to a survey conducted by the Central Bank, individuals in Uzbekistan anticipate inflation to reach 13.7% in the upcoming year, while businesses expect it to be around 13.5%.
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