Uzbekistan recorded monthly deflation of 0.1% in July 2026, driven largely by a seasonal decline in food prices, while annual inflation remained unchanged from June at 6.4%, according to the National Statistics Committee.
The annual consumer price index stood at 106.4%, marking a 2.5-percentage-point decrease from July 2025, when annual inflation was recorded at 8.9%. Food prices declined by an average of 0.91% during the month, offsetting a 0.3% increase in non-food prices and a 0.5% rise in the cost of paid services.
The sharpest monthly price declines were recorded for seasonal agricultural products. Eggplant prices fell by 42.8%, followed by bell peppers at 39.4%, tomatoes at 24%, watermelons at 20.3% and potatoes at 18%. Prices also declined for melons, peaches, cucumbers, garlic, pears, grapes, apples, bananas and eggs.
However, several staple food products became more expensive. Carrot prices increased by 12.6%, while prices for long-grain rice rose by 6.4% and round-grain rice by 6.1%. Mung beans became 4.2% more expensive, while onion prices increased by 1.7%.
Fuel prices were among the main drivers of inflation in the non-food category. Prices for AI-98 and AI-100 gasoline increased by 10%, while AI-95 rose by 8.5% and AI-92 by 3.9%. Service costs also continued to increase. Household waste collection fees rose by 2.7%, mobile communication services became 2.4% more expensive, and urban bus fares increased by 1.4%.
The National Statistics Committee said the calculations were based on more than 2mn price observations collected from over 10,000 retail and service outlets. The monitoring covered 419 categories of food and non-food products and 98 types of services.
Earlier, Uzbekistan’s annual inflation stood at 6.4% in June, as higher electricity, natural gas, coal, transport and fuel costs outweighed seasonal declines in fruit and vegetable prices. Monthly consumer prices increased by 0.6% during the month.
The Central Bank of Uzbekistan subsequently kept its key interest rate unchanged at 14%, maintaining its monetary policy stance while projecting economic growth of 7.5–8% in 2026.
