Inflation in Uzbekistan has accelerated.

The annual inflation rate was 9.89%, which is 1.31 percentage points higher than the previous year, but lower than in 2023 when it reached 12.19%.

Food prices increased by 0.8% in January. The annual food inflation accelerated to 2.6%. The most significant price hikes were seen in vegetables (+6%), fats and oils, as well as fish products and nuts (more than 1%). At the same time, prices for dairy products decreased by 3.5%, especially for eggs (-14.3%). A slight increase was noted in the meat segment (+0.8%), beverages (+0.6%), and ready-made products (+0.4%).

Since the beginning of the year, the highest price increases have been for potatoes (+68.1%), carrots (+24.1%), cotton oil (+19.5%) and sunflower oil (+18.1%), as well as lamb (+16.2%) and beef (+14.8%). Meanwhile, eggplants have dropped in price by almost half, tomatoes and pomegranates by more than a third, and bell peppers, lemons, and cucumbers by 25-30%.

Inflation in the non-food segment decreased to 0.3% in January, but the annual figure rose to 7.7%. Prices for clothing, shoes, and furniture increased by 0.3-0.4% over the month, and by 5.1-5.4% over the year. Household appliances became 0.3% more expensive (5.3% for the year), while medications increased by 0.7% (25.2% for the year). Electronics saw a price rise of 0.1% in January and 1.7% over the year.

Fuel prices also rose: gasoline increased by 1.5% in January and by 3.9% year over year, while propane rose by 13.2% (+8.3% for the year). At the same time, the price of methane decreased by 0.1%, although it increased by 20.9% over the year.