Uzbek Central Bank announces annual inflation rate for November 2021

Uzbekistan Materials 9 December 2021 18:18 (UTC +04:00)
Uzbek Central Bank announces annual inflation rate for November 2021

BAKU, Azerbaijan, Dec.9

By Natavan Rzayeva - Trend:

The annual inflation rate in Uzbekistan was estimated at 10.3 percent for November 2021, which is slowed down compared to the previous months, Trend reports via the press services of the Uzbek Central Bank.

At the end of November, the annual growth in prices for food products was at the level of 13.4 percent, and for non-food products and services at the level 7.9 percent and 8.1 percent, accordingly.

According to surveys conducted in November, inflationary expectations of the population and business entities of Uzbekistan for the next 12 months formed at the level of 16.5 percent and 15.6 percent, respectively.

As the main factors of inflationary expectations, the respondents cite the rise in the cost of fuel products and transport services, as well as the impact of pandemic uncertainties on the production and supply of goods.

A significant increase in prices for fuel and energy products over the past three months has led to an increase in prices for transport, passenger, and logistics services. This, in turn, takes a serious role in raising inflationary expectations of the population.

However, the basic rate of the Central bank remained unchanged at the level of 14 percent per annum.