A report released by the Central Bank of Uzbekistan on, indicates that the perception of inflation in Uzbekistan has reached its lowest point in the past year. As per to findings from a February survey, citizens, on average, perceived a price increase of 12.7% over the last 12 months, with the median dropping to 10.3%. This marks a decrease from the previous month, where perceived inflation had spiked to 13.5% on average and 11% in median terms, representing the highest figures since the prior August.
Regional variations in inflation perceptions were evident, with the highest estimates reported in Tashkent (16.1%), Syrdarya (13.9%), and the Tashkent regions (13.2%). Conversely, the least noticeable price increases were observed in Karakalpakstan (9.1%), Khorezm (10.7%), and the Andijan region (11.1%).
Regarding specific commodities, over half of respondents noted a notable increase in gasoline and fuel prices over the past month, with 46% highlighting this trend, compared to 32% who reported increased transport service costs. Notably, there was a decrease in the share of citizens perceiving high price hikes for fruits and vegetables (30%), meat and dairy products (29%), medicines (24%), and eggs (21%) compared to the previous month.
Citizens with higher incomes tended to perceive more significant price increases. Those with incomes of UZS 15 mn ($1,195) estimated inflation at 16.9%, while those in the UZS 10 mn ($797) and UZS 15 mn ($1,195) bracket reported an average of 14.6%. In comparison, the estimation was 12.4% for individuals earning up to UZS 2 mn ($159), and 11.8% for those in the UZS 2 mn ($159)-UZS 3 mn ($239) and UZS 5 mn ($398) - UZS 7 mn ($557) categories.
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