Inflation Forecasts Dip In Uzbekistan Amidst Currency And Fuel Price Stability


(MENAFN- AzerNews) The inflation expectations of Uzbeks decreased slightly inMarch, according to a survey conducted by the Central Bank, Azernews reports, citing Kun News Agency.

The average expected inflation rate over the next 12 months was12.8%, down by 0.2 percentage points compared to February. Themedian indicator remained unchanged at 10.6%.

Tashkent returned to the first place with an expected inflationrate of 16.9%. Residents of the capital region and Samarkandestimated it at 14.3% and 13.6% respectively. The lowest indicatorswere noted in Jizzakh (9.9%), Karakalpakstan (10%), and Navoi(10.8%).

The most optimistic forecasts among professions were given byworkers in the tourism business (10%), agriculture (10.4%), andcommerce (10.6%). The highest estimates were among IT specialists(16.8%), constructors (14%), and banking workers (13.4%).

Currency exchange rate fluctuations maintain their leadingposition among factors influencing assessments (61%), followed byfuel prices (50%) and utility tariffs (42%). The proportion ofspeculative price surges increased (35%), while it decreased fortransport expenses (29%).

For entrepreneurs, the average inflation rate fell by half apercent to 12.2%. The median forecast also remained unchanged(10.4%).

The tourism business provides the lowest inflation estimates forthe year (10.8%), with lower rates for manufacturing and catering(11.5%). The highest estimates were given in the culture andentertainment sector (15%), IT (13.6%), and education (12.9%).

Among the business community, capital entrepreneurs rate futureinflation the highest (14.4%), followed by Kashkadarya (13.3%) andKhorezm (13.2%). In Karakalpakstan (10.3%), Namangan (11.1%), andBukhara (11.3%), inflation expectations were the lowest.

The main factor affecting business forecasts remained thecurrency exchange rate dynamics (61%), with energy prices in secondplace (44%). They are followed by utility rates (38%),transportation costs (33%), and raw material expenses (28%).

MENAFN16042024000195011045ID1108098517


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.