• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12768.26
    • RUB162.63
    • EUR14400.04
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +18°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan Money Economics

    Uzbekistan faces inflation surge in 5M24: Prices hit 6-year highs

    Uzbekistan faces inflation surge in 5M24: Prices hit 6-year highs

    In May 2024, the specter of inflation reared its head once again, with the monthly inflation rate surging to 2.8%, marking the highest level in over six years. 

     

    The last time inflation soared to such heights was in December 2017, raising concerns about the sustainability of economic growth and the purchasing power of households. However, the current surge has surpassed even that, with annual inflation reaching 10.6%, adding to the mounting pressures on consumers' wallets.

    Photo: Inflation hits highest level in over six years
    Source: CurrencyTransfer

     

    The latest report from Uzbekistan's statistical agency reveals a mixed bag of price movements across different sectors of the economy. While food prices experienced a modest decline of 2.0% in May, the cost of non-food products edged up by 0.3%, and services witnessed a sharp increase of 15.2%.

    Among the essential food items, the price of carrots surged by 2.6%, potatoes by 2.0%, sugar by 1.1%, oil by 0.8%, rice by 0.8%, mutton by 0.8%, and beef by 0.7%. 

     

    The surge in electricity and gas tariffs for households emerged as a key driver behind the accelerated consumer price index (CPI) for May 2024, reaching 102.8% for the month. Gas prices soared by 129.0%, electricity by 67.0%, and compressed gas by 42.9%. Additionally, apartment building service fees registered an increase of 17.3%.

    Despite a slight decrease in gasoline prices by 0.8% and propane by 0.5%, other sectors witnessed upward trends. The healthcare sector saw medicine prices climb by 1.3%, while banking institution fees in the financial services sector increased by 3.2%.

     

    In May 2024, expenses for rail transportation services and air travel also rose, with ticket prices for long-distance trains increasing by an average of 2.7%, and international and domestic flights experiencing hikes of 1.8% and 1.1%, respectively.

    The CPI data for January-May 2024 reflects a steady increase in prices over the first five months of the year, with a consolidated CPI of 105.5%. The CPI for goods slightly decreased to 99.0%, while the CPI for services surged to 115.20%, surpassing the mark recorded in December 2023.

    The CPI solely reflects changes in prices and does not directly correlate with the cost of living, as it does not consider changes in consumption patterns.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    01.06.2024, 18:13   Comments (0)   2676
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Uzbekistan's annual inflation drops to 7.98% in March 2024 

    01.04.2024, 14:59

    Uzbekistan raises 2024 inflation forecast to 9-11%

    25.04.2024, 16:41

    Uzbekistan inflation rises in April: food, utilities, and services prices increase 

    23.05.2024, 19:32

    Kazakhstan produces over 46,000 cars in 4M24

    01.06.2024, 17:52

    Capital volume of Uzbekistan's commercial banks surpasses over $31 bn in 4M24 

    01.06.2024, 16:36

    Qosh Tepa Canal construction sparks water scarcity concerns in Uzbekistan 

    01.06.2024, 15:00
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    8 May, 11:26

    Uzbekistan sees rise in cross-border travel as outbound tourism jumps 20%

    7 May, 12:38
     
     
     

    Latest news

    Kazakhstan, Germany expand partnership in trade, energy, and investment

    Kazakhstan | 29 May, 17:25

    More than 4mn women and children face malnutrition in Afghanistan

    Afghanistan | 29 May, 15:32

    Uzbekistan and Italy sign agreements on investment, migration, and sustainability

    Uzbekistan | 29 May, 14:35

    Uzbekistan and Italy triple trade as partnership enters new phase

    Uzbekistan | 29 May, 13:42

    Uzbekistan, China sign cooperation agreements to unite road standards and boost digital innovation

    Uzbekistan | 29 May, 12:30

    Uzbekistan’s public debt reaches $42.43bn in 1Q25, up by $2.22bn

    Uzbekistan | 29 May, 11:28

    UN Women opens country office in Tashkent, Uzbekistan

    Uzbekistan | 29 May, 10:30

    Germany offers jobs to 50 Uzbek nurses with salaries starting at €2,800

    Uzbekistan | 29 May, 09:01

    Kazakhstan, Italy deepen trade and investment ties as bilateral turnover hits $4.4bn in 1Q25

    Kazakhstan | 28 May, 17:02

    Uzbekistan, WIPO to strengthen IP sector with new strategy and joint training program

    Uzbekistan | 28 May, 15:15
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.