Higher-income earners foresee higher inflation

According to the Central Bank of Uzbekistan's April survey, inflation expectations among the population remain at 14.2% annually, Kursiv reported. This is the lowest figure since December 2024.

Respondents anticipate sharp increases in fuel, transport, and utility prices. At the same time, fewer people expect a major rise in foreign currency exchange rates.

The highest inflation expectations were recorded in Tashkent (17.1%), Fergana (16.1%), and Namangan (15.5%). The lowest were in Kashkadarya (12%), Navoi (12.3%), and Jizzakh (12.9%).

Those earning more than 15 million soums per month estimate inflation at around 18.5%. Incomes of 10–15 million expect 17%, around 7 million expect 16%. The lowest expectations (12.6%) were among those earning under 2 million soums.

According to the Central Bank, entrepreneurs expect inflation at 12.8% (compared to 13% in March). They are concerned about rising utility tariffs, fuel prices, and tax burdens.

Perceived inflation reached 14.4%. Read 'Zamin' on Telegram!