The Central Bank of Uzbekistan has published a report on inflation expectations of the country’s households and businesses as of early 2026. According to the report, the average price growth forecast for the next 12 months has been decreased by 0.3% to 11.2%, Tashkent Today reports.
The highest price growth expectations among households are traditionally observed in Tashkent (12.7%), Fergana Region (12.3%), and Karakalpakstan (12.1%).
The most moderate expectations are in Navoi (9.5%), Surkhandarya (9.9%), and Khorezm (10%) regions.
The main inflation triggers cited by citizens include rising utility tariffs (48%), energy costs (47%), transportation costs (30%), and currency exchange rate fluctuations (24%).
The business sector forecasts inflation at 10.8%.
Public expectations significantly exceed the Central Bank’s official forecast, which projects inflation at 6.5% with GDP growth of 7%.
