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Inflation Expectations in Uzbekistan Hit Record Low of 8.7%

According to spot.uz, the Central Bank of Uzbekistan published its September public survey, showing average inflation expectations dropped 1.1 percentage points from August to 8.7%.

The median inflation expectation among households remained flat compared to August at 8%. By region, residents of Tashkent (11.6%), Syrdarya (9.7%), and Fergana regions (9.5%) gave the highest projections, while the lowest were recorded in Khorezm (6.8%), Namangan (7.1%), and Andijan (7.7%).

Among businesses, the average expected price growth stood at 9.2%, also touching a new low. Rising energy prices were the most common driver cited by both households and companies (50% and 52%, respectively). Households also pointed to higher food prices (31%), while businesses highlighted rising raw material costs (37%) and a heavier tax burden (29%).

Sources