Inflation in Uzbekistan

Uzbekistan Inflation | Economic News & Forecasts

Uzbekistan - Inflation

GDP grew 7.4% in Q3, slightly down from Q2’s 8.8% expansion. Important subsectors such as manufacturing, and transportation and storage—which together account for over 20% of GDP—lost significant steam. However, agricultural production, and mining and construction output grew at faster paces, preventing a more pronounced slowdown. In addition, growth in services subsectors such as wholesale and retail trade also accelerated in the period. Moving onto Q4, falling numbers of new Covid-19 cases should provide a supportive framework for continued economic growth. In other news, presidential elections held on 24 October saw incumbent Mirziyovev re-elected with 80% of the votes. Meanwhile, Fitch Ratings recently affirmed the country’s credit rating at ‘BB-’ with a stable outlook, citing strong economic growth but noting institutional weaknesses.

Uzbekistan - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)8.5  8.8  13.9  17.5  14.5  

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Uzbekistan Inflation Chart

Uzbekistan Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: SESRIC

Uzbekistan Facts

Value Change Date
Exchange Rate9,5160.0 %Dec 31

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