Why is this important
Inflation expectations reflect the perception of future price increases and directly influence consumer behavior, investment, and the regulator’s policies.
What happened
- Among the population, concerns about the exchange rate, energy resources, and utilities have decreased;
- The share of respondents expecting food prices to rise has increased significantly;
- The highest price increases are expected in education and science, the lowest in transport and crafts;
- By regions: the highest expectations are in Surkhandarya (14.4%), the lowest are in Namangan (10.5%);
- “Feeling inflation” among the population was 13%, with the largest growth recorded in food, utilities, and medical services.
Context
The Central Bank regularly publishes measurements of inflation expectations. In July, the indicator was 12.9%. The decrease is related to the relative stabilization of the soum exchange rate and the seasonal depreciation of vegetables and fruits, however, risks remain due to global energy prices and imported goods.
