Central Bank: Inflation fell to 7.2 percent in 2026
The Central Bank announced the inflation figures for January 2026. This was reported by Zamin.uz.
According to the data, overall annual inflation has been gradually decreasing in recent years, but some changes in the prices of certain goods and services are still observed. While overall inflation was 12.3 percent in 2022, it fell to 8.8 percent in 2023.
In 2024, this indicator rose again to 9.8 percent, then decreased to 7.3 percent in 2025. By January 2026, inflation stood at 7.2 percent.
Changes are also observed in food product prices. Some products have become cheaper, while others have significantly increased in price.
The prices of pumpkin, eggplant, watermelon, peach, and garlic have decreased annually, whereas lemon, cabbage, lamb, boneless and bone-in beef have become more expensive. In 88 percent of the 167 types of food products in the consumer price index, the annual price increase was below 10 percent.
Regarding non-food products, prices of some goods have slightly decreased. Prices for large kitchen appliances, small household appliances, and A4 paper have become cheaper.
However, the global gold price has affected jewelry items as well, with wedding rings increasing in price by 32.6 percent. Prices of methane, newspapers, propane, and cement have also risen.
Interesting trends are observed in the services sector. Money transfers and tuition fees at private higher education institutions have become cheaper, but the cost of insuring personal vehicles has increased by 281.8 percent.
Fares for trolleybus rides, domestic passenger air transport, and driving courses have also risen significantly. In 67 percent of the services included in the consumer price index, the annual price increase was below 10 percent.
The overall decrease in inflation is a positive development, but changes in the prices of some goods and services remain problematic. Therefore, additional measures are necessary to ensure price stability.
To stabilize meat prices, the issue of feed must be resolved to reduce dependence on imports.
