Uzbekistan Inflation Expectations Fall to Lowest Level in Observation Period

Inflation expectations among Uzbekistan's population fell sharply in September, reaching the lowest level recorded in the observation period, the Central Bank reported. The average forecast dropped 1.1 percentage points from August to 8.7%. The median stayed unchanged from August at 8%.

Tashkent again had the highest inflation expectations among regions, at 11.6%, followed by Syrdarya (9.7%) and Fergana (9.5%). Pensioners gave the highest forecasts among employment groups, at 12.4%. Half of respondents named rising fuel and energy prices as the main factor influencing their forecasts.

Business expectations declined more gradually. The average forecast for price growth over the next year was 9.2%, down 0.4 percentage points, while the median returned to July's level of 9%. Logistics companies expected the highest growth at 10.7%, while tourism businesses expected the lowest at 7.5%.