2026: inflation decreased, but prices are changing

The Central Bank announced the inflation indicators for January 2026. This was reported by Zamin.uz.

According to the data, overall annual inflation continues to decline, but significant changes are observed in the prices of some goods and services. **Overall inflation indicators** In 2022, the annual inflation was 12.3%, while in 2023 it decreased to 8.8%.

In 2024, this indicator rose to 9.8%, and in 2025 it fell to 7.3%. As of January 2026, inflation stood at 7.2%.

**Food product prices** Prices of some products have decreased: - Pumpkin: -57.9% - Eggplant: -30.5% - Watermelon: -27.9% - Peach: -24.5% - Garlic: -21.1% However, some products have become more expensive: - Lemon: +90.8% - Cabbage: +27.9% - Lamb meat: +27.2% - Boneless beef: +25% - Bone-in beef: +23.8% In 88% of the 167 types of food products in the consumer basket, the annual price increase was below 10%. At a meeting led by the President, it was emphasized that 45% of inflation is related to food products, including 13% linked to meat prices.

It was noted that resolving feed issues is necessary to stabilize meat prices. **Non-food product prices** Various changes were also observed in non-food products.

Products with price decreases: - Large kitchen appliances: -2.9% - Small household appliances: -1% - A4 paper: -0.9% However, some products have become more expensive: - Methane: +30.2% - Newspaper: +17.5% - Propane: +12.3% - Cement: +12.2% In 92% of the 252 types of non-food products in the consumer basket, the annual price increase was below 10%. **Service prices** Significant changes are also present in the service sector.

Services with price decreases: - Money transfer fees: -7.5% - Studying at non-governmental higher education institutions: -0.5% The most expensive services: - Personal vehicle insurance: +281.8% - Trolleybus fare: +100% - Domestic passenger air transport: +55.9% - Driving courses: +48.5% - Network gas: +39.2% In 67% of the 98 types of services in the consumer basket, the annual price increase was below 10%. **Conclusion** The overall decrease in inflation is a positive development, but sharp changes in the prices of some goods and services are noticeable in the daily lives of the population.

Stabilizing food prices, especially meat, and controlling sharp changes in the service sector remain urgent issues. Economic reforms must continue to ensure price stability.