TASHKENT, Uzbekistan, October 11. The inflation rate in Uzbekistan in 2024 is expected to stand at 10 percent, decreasing by 0.2 percent compared to the 2023 projections, Trend reports.
The projected number is also 1.4 percent less than the estimated 11.4 percent in 2022.
As per the latest World Economic Outlook from the International Monetary Fund (IMF), the current projected volume for 2024 reflects a 0.1 percent increase compared to the fund's earlier forecasts of 9.9 percent initially provided in April 2023.
Moreover, the IMF analysis shows an almost twofold decrease in inflation in 2028, projecting a 5.2 percent rate for Uzbekistan.
The fund’s experts note that among the Central Asian countries, the highest inflation rate in 2024 will be recorded in Turkmenistan (10.7 percent), while Tajikistan will exhibit the lowest inflation rate (6.5 percent).
Meanwhile, the inflation rate in Uzbekistan amounted to 1.24 percent as of September 2023, which is the highest figure for this month in the last three years (1.03 percent in 2022 and 1.09 percent in 2021) and also the largest increase since the beginning of 2023.
Nevertheless, the inflation rate in Uzbekistan has remained at its lowest point in the last five years, since the beginning of 2023.