Annual inflation hits 10.3% in March

Annual inflation also climbed by 0.2%, reaching 10.3% in March. This follows 10.1% in February and 9.9% in January. Over the first quarter, annual inflation grew by 0.5%. Over the past 12 months, the prices of goods and services have risen from 8% to 10.3%, reflecting a total 2.3% increase.

Among all regions, Tashkent city recorded the highest annual inflation rate at 12%, while Syrdarya region had the lowest at 8.6%.

Which products became more expensive?

Food prices increased more than other categories, rising by 1.5% in March. Meanwhile, non-food products became 0.2% more expensive, and services saw a 0.7% price increase.

Meat and dairy products

• Beef: +8.3% to 8.8%
• Lamb: +9.1%
• Minced meat: +5.4%
• Chicken: +0.1% to 0.6%
• Live fish: +1.7%
• Butter: +1.1%
• Milk: +0.9%
• Non-alcoholic beverages: +0.5%

At the same time, rice prices fell by 2.3%, and wheat flour dropped by 1.4%.

Fruits and vegetables

Due to seasonal factors, fruit and vegetable prices fluctuated.

• Carrots: +15.7%
• Tomatoes: +4.3%
• Bell peppers: +3.8%
• Cabbage and garlic: +2.6%
• Onions: +1.9%

However, some products became cheaper:

• Cucumbers: -14.7%
• Potatoes: -3.7%

Service price increases

• Household waste removal: +4%
• Passenger air transportation: +4.4%
• Domestic flights: +3.9%
• International flights: +4.8%
• Automobile transportation services: +0.5%
• Rail transport services: +0.4%
• Mobile communication services: +3.5%

In February, the public’s 12-month inflation expectations rose to 15.3%, compared to 14.4% in January. People are increasingly concerned about potential price hikes in utilities, fuel, and energy resources over the coming year.