BAKU, Azerbaijan, Jan. 2
By Fakhri Vakilov - Trend:
Inflation in Uzbekistan amounted to 15.2 percent in 2019, Trend reports citing Uzbekistan’s State Committee on Statistics.
At the beginning of 2019, the Chairman of the Central Bank Mamarizo Nurmuratov expected that inflation for the year would not exceed 15 percent.
“I think that it will be possible to keep the inflation rate in the range of 13.5-15 percent,” Nurmuratov said at the time.
At the end of 2018, the indicator amounted to 14.3 percent.
The periods of peak values of monthly growth and decrease in prices during 2019 were in August (growth by 2.9 percent) and June (decrease by 0.5 percent).
In general, in 2019, food products became more expensive by 18.6 percent. Non-food products during this period rose by 10.9 percent, services - by 15.2 percent.
From January 1, 2020, the Central Bank of Uzbekistan was instructed to ensure a phased transfer of monetary policy mechanisms to the inflation targeting regime with a goal of reducing inflation to 10 percent in 2021 and a permanent inflation target at 5 percent in 2023.
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