The Central Bank of Uzbekistan recorded a new low in inflation expectations among households and businesses following its August survey.
According to the central bank, the average price growth forecast for the next 12 months stood at 9.8%, down 0.3 percentage points from June and July. The median figure returned to 8%. Among businesses, the average forecast hit an all-time low since records began at 9.6%, with the median estimate also at 8%.
Citizens most frequently cited utility tariff hikes (53%) and energy costs (52%) as the key drivers shaping inflation expectations. Exchange rate fluctuations remained in last place, mentioned by 14% of respondents. In the business community, rising energy costs took first place (55%), followed by utility tariffs (50%).