The perceived inflation rate among the population in March remained unchanged at 12.7%, according to the Central Bank of Uzbekistan.
The regulator's data showed a decrease in the percentage of respondents (from 51% to 43%) who reported a sharp increase in gasoline and fuel prices, with these items still topping the list for price hikes. Vegetables and fruits took the second spot for price increases, as reported by 33% of respondents (up from 30% in February).
Among those surveyed, 24% noted price increases for construction materials, 29% for meat and milk, 24% for medicines, 22% for rice, and 18% for sugar and confectionery.
In terms of regions, the perceived inflation rate last month was highest in Tashkent at 17.2% (compared to 16.1% in February), Fergana region at 15.9% (12.9%), and Tashkent region at 13.2% (13.2%). The lowest price growth was felt by residents of Karakalpakstan at 9.1% (9.3%), Jizzakh region at 10.1% (12.5%), and Navoi region at 10.7% (11.6%). The difference between the highest and lowest inflation rates in the regions reached 7.9% (compared to 7% in February and 6.2% in January).
The perceived inflation rate among residents with a monthly income above 15 million soums increased from 16.9% to 19.3%, for those earning between 10-15 million soums, it rose from 14.6% to 17.1%. Among respondents with incomes of 7-10 million soums, the rate decreased from 14% to 13.6%. People with no income felt inflation at 13.3% (compared to 11.8%).
It is important to note that the officially published inflation rate reflects the change in the overall price level of all goods and services in the consumer price index basket, based on the demand of a large number of households. Personal (perceived) inflation is formed based on changes in the prices of goods and services consumed in a person's or family's daily life. If the price of a regularly purchased item increases, it causes a greater sense of price growth compared to an item bought infrequently.
