In August, consumer prices in Uzbekistan increased by 0.53%, slightly lower than last year's 0.54% but marginally higher than the 0.52% recorded in 2022, according to the Statistics Agency.
Year-to-date, inflation stands at 5.5%, reflecting a rise from 3.8% in the same period last year but a decrease from 6.98% two years ago. Annual inflation at the end of August reached 10.5%, showing an increase from the previous year but a decline compared to the last three years.
In August, food prices rose by 0.5%, driven by a 5% increase in vegetables and a 3.9% rise in meat prices. Meanwhile, fruits and nuts saw nearly a 10% decrease, with watermelons, melons, and grapes dropping by 33%, 28%, and 27%.
For the year, food inflation was recorded at 2.8%. Meat products experienced the highest price growth at 8.5%, while vegetables decreased by 17.5%, and oil and fat products dropped by 2%. Specific items like cabbage, cucumbers, and watermelons saw price reductions of over 40%, while eggs and sunflower oil decreased by 12% and 1%.
In August, food products increased in price by 0.7%, leading to an annual growth rate of 8.6%. Clothing, footwear, and furniture prices showed minimal changes, with increases of 0.2%, 0.3%, and 0.6%, and annual growth rates of 6%, 5.7%, and 5.7%.
Household appliances saw a 0.6% rise in August, with a yearly increase of 7%, while electronics prices grew by 0.7% and 1.5% annually. The price increase for medicines slowed to 0.8%, but the annual increase remains high at 23.4%.
Propane prices surged by 20% in August and 32.7% over the year. Methane prices also increased, though more modestly at 4% in August and 39% annually, while gasoline prices saw a slight decrease of 0.2% and a 15% rise over the year.
Service prices grew by 0.4% monthly and 27.6% annually, with continued growth in catering (1.5% and 12.6%) and stabilization in the hotel sector (17.7% annually). Housing rent increased by 0.1%, with an annual rate of 9.1% and a year-to-date increase of 3.1%. Transportation costs also rose, with car and train travel becoming more expensive by 0.6% (44% and 14.2% annually), and air travel increasing by 1% (5.9% annually).
In July, a seasonal deflation of 0.28% marked the most significant monthly price drop since 2021, influenced by declines in food prices and slight reductions in petrol costs. Since the beginning of the year, inflation has reached 4.9%, the highest rate since 2022 over the past five years.
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