The National Committee of the Republic of Uzbekistan for Statistics has released data on the Consumer Price Index (CPI) for May 2025, reflecting price trends for goods and services across the country. Presented in an official press release, these data highlight key economic trends and changes in the consumer sector, providing valuable insights for businesses, analysts, and citizens.
Key CPI Indicators for May 2025
In May 2025, the annual CPI in the Republic of Uzbekistan reached 108.7%, down from 110.1% in January of the current year. The monthly CPI was 101.5%, while compared to December 2024, it stood at 104.4%. The average monthly CPI growth for January–May 2025 was 0.9%, comparable to 0.7% in the same period of 2023 and 1.1% in 2024. These figures indicate a stabilization of inflationary processes in the country.
Regional CPI Dynamics
Across regions, the highest monthly CPI growth was recorded in the Republic of Karakalpakstan (101.7%), Fergana (102.2%), and Khorezm (101.9%) regions. For the annual CPI, above-average values were observed in Kashkadarya (108.8%), Fergana (110.0%), Khorezm (109.1%) regions, and the city of Tashkent (109.5%). These variations reflect regional market characteristics and consumption patterns.
|
Region |
To May 2025, % |
To December 2024, % |
To May 2024, % |
|---|---|---|---|
|
Republic of Karakalpakstan |
101.7 |
104.5 |
108.1 |
|
Andijan Region |
101.5 |
104.3 |
108.5 |
|
Bukhara Region |
101.5 |
104.4 |
107.9 |
|
Jizzakh Region |
101.3 |
104.1 |
108.7 |
|
Kashkadarya Region |
101.5 |
104.3 |
108.8 |
|
Navoi Region |
101.4 |
104.3 |
108.6 |
|
Namangan Region |
101.5 |
104.3 |
108.3 |
|
Samarkand Region |
101.3 |
104.3 |
108.2 |
|
Surkhandarya Region |
101.4 |
104.6 |
108.6 |
|
Syrdarya Region |
101.5 |
104.1 |
108.3 |
|
Tashkent Region |
101.4 |
104.4 |
108.6 |
|
Fergana Region |
102.2 |
105.3 |
110.0 |
|
Khorezm Region |
101.9 |
104.5 |
109.1 |
|
City of Tashkent |
101.4 |
104.3 |
109.5 |
CPI by Main Groups of Goods and Services
The short-term CPI for goods in May 2025 was 100.2%, lower than in May 2023 (100.5%) and May 2024 (99.0%). Food prices decreased by 0.8% (CPI 99.2%), while non-food goods rose by 1.7% (CPI 101.7%). Services saw the most significant increase of 5.9% (CPI 105.9%), driven by higher utility tariffs.
Price Dynamics by Main Categories
-
Food and Non-Alcoholic Beverages: A 0.9% price decrease, mainly due to a 10.7% drop in prices for vegetables, tubers, and legumes (e.g., cucumbers fell by 61.1%, tomatoes by 27.1%). Vegetable oil prices rose by 4.0%, sugar by 2.2%, while meat prices remained stable.
-
Housing Services, Water, Electricity, Gas, and Other Fuels: A significant 10.7% increase, driven by higher electricity (+18.8%) and mains gas (+39.2%) tariffs. This contributed the most to the CPI growth (+1.29 percentage points).
-
Transport: A 5.2% increase, primarily due to a 27.0% rise in methane prices for vehicles, while petrol and propane prices dropped by 0.1–2.7%.
-
Information and Communication: A 1.6% price increase, linked to a 2.9% rise in mobile communication tariffs.
CPI by COICOP 2018 Sections
|
Section |
To May 2025, % |
To December 2024, % |
To May 2024, % |
|---|---|---|---|
|
Food and Non-Alcoholic Beverages |
99.1 |
102.7 |
104.9 |
|
Alcoholic Beverages and Tobacco |
101.1 |
103.3 |
110.2 |
|
Clothing and Footwear |
100.1 |
101.1 |
104.9 |
|
Housing Services, Water, Electricity, Gas |
110.7 |
112.0 |
114.7 |
|
Household Goods, Appliances, and Maintenance |
100.1 |
101.4 |
105.5 |
|
Healthcare |
100.3 |
103.4 |
111.8 |
|
Transport |
105.2 |
108.7 |
117.4 |
|
Information and Communication |
101.6 |
105.2 |
108.1 |
|
Recreation, Sport, and Culture |
100.7 |
102.8 |
108.5 |
|
Education Services |
100.0 |
103.7 |
117.1 |
|
Restaurants and Hotels |
101.0 |
104.5 |
112.8 |
|
Insurance and Financial Services |
100.0 |
100.2 |
101.4 |
|
Miscellaneous Goods and Services |
100.8 |
104.3 |
112.1 |
Contribution to CPI Growth
The most significant contribution to the short-term CPI in May 2025 came from the rise in housing service tariffs (+1.29 percentage points), including electricity (+0.45 p.p.), mains gas (+0.60 p.p.), and liquefied gas (+0.11 p.p.). Transport services added 0.45 p.p. due to higher methane prices, and communication services contributed 0.08 p.p.. The decline in food prices restrained CPI growth by 0.38 p.p..
For the period since December 2024, utility tariffs contributed 1.46 p.p. (33.0% of the total increase), followed by food prices (26.7%) and transport (18.1%).
CPI Calculation Methodology
The CPI is calculated based on a consumer basket of 510 items (170 food products, 250 non-food items, 90 services), formed using household expenditure data. Price data are collected in cities and selected district centers from the 10th to the 20th of each month, covering approximately 170,000 price quotes. Sources include fixed and mobile retail outlets and administrative data. The CPI reflects price changes but not the cost of living, as it does not account for shifts in consumption patterns.
Conclusion
The CPI data for May 2025 indicate moderate inflation dynamics in Uzbekistan, with significant impacts from rising utility and transport tariffs. The decline in food prices, particularly vegetables, helped moderate overall price growth. These indicators confirm the stability of economic processes and provide valuable insights for planning and analysis.
Source: Consumer Price Index in the Republic of Uzbekistan for May 2025