Uzbekistan Annual Inflation Falls to 7.5% in November

Uzbekistan’s annual inflation rate fell to 7.5% in November, marking its lowest level in recent years and coming in below the Central Bank’s 8% forecast, according to the National Statistics Committee.

Despite the long-term slowdown, monthly inflation edged up slightly to 0.7% in November compared with October, The Caspian Post reports, citing Uzbek media.

Data also shows that accumulated inflation for the first 11 months of 2025 reached 6.4%, one-third lower than the 8.7% recorded during the same period last year.

Compared with November 2024, the pace of monthly price growth decreased by 0.2 percentage points, indicating an overall cooling of inflationary pressures despite the slight month-to-month uptick.

Food products saw the sharpest increase, with prices rising by 1% in November and by 5.7% year-on-year.

Excluding food items, monthly inflation stood at 0.3% - twice as low as in November last year. The 12-month non-food inflation rate amounted to 8.3%, nearly 1.5 times lower than in 2024.

Inflation dynamics varied significantly across the regions. Tashkent posted the highest monthly inflation at 1%. Most other regions recorded lower price growth, averaging 0.6%.

In Karakalpakstan and Jizzakh, monthly inflation stood at 0.7%.

Since the beginning of the year, the strongest overall price increases were reported in Karakalpakstan (6.9%), followed by Surkhandarya and Fergana regions (6.8%).

Jizzakh had the lowest inflation at 5.7%, while Tashkent and Kashkadarya registered a 6.1% rise.

On an annual basis, the highest inflation was again observed in Karakalpakstan (8.1%) and Fergana (8%), whereas Jizzakh recorded the lowest rate at 6.8%.