Central Bank publishes a review of inflation expectations in Uzbekistan 

The Central Bank published a review of inflationary expectations of the population and business entities for September.

Inflationary expectations of the population regarding price growth for the next 12 months have maintained a downward trend and amounted to about 15.2%.

The population believes that the following factors will influence future price increases:

• rising prices for imported goods and basic foodstuffs (42%);
• currency depreciation (42%);
• artificial overpricing (31%).

In addition, compared to the previous month, the proportion of people who expect an increase in housing payments and rent has increased (from 15% to 18%).

Inflation expectations of business entities

By the end of September, inflation expectations of business representatives decreased by 0.3% or 13.8% compared to the previous month.

Business representatives believe that the following factors will affect the price increase:

• exchange rate changes (39%);
• the rise in the cost of fuel and transport services (35%);
• an increase in wages and pensions (23%).

Interruptions in the supply of raw materials from abroad and the presence of tariff and notarial restrictions on imports were also mentioned as reasons for a possible increase in prices.