According to data from the National Statistics Committee of the Republic of Uzbekistan, Uzbekistan’s economy demonstrates a sustainable trend toward reducing inflationary pressure and concluded 2025 with results indicating a qualitative strengthening of macroeconomic stability.

A detailed analysis of the Consumer Price Index (CPI) reveals not only a general decline in inflation but also structural improvements in most sectors of the consumer market.

1. Fundamental Indicators: Inflation Under Reliable Control

The main result of the year was the confident consolidation of inflation in the single-digit range. The annual inflation rate (December 2025 vs. December 2024) stood at 7.3% , which is a significant achievement compared to the previous year’s figure of 9.8%.

This positive dynamic is also confirmed by monthly price growth rates: in 2025, they slowed to 0.6% (against 0.8% a year earlier ). This indicates that inflationary pressure is decreasing systemically rather than situationally. The consolidated CPI for December was 100.9%, which is within expected seasonal fluctuations and attests to the predictability of the economic environment.

2. Food Market: Balance of Supply and Demand

The food products segment, which is the most sensitive for the population, demonstrated a positive dynamic of declining prices for socially significant products. Annual price growth in this sector amounted to 5.5%, which is significantly lower than the general inflation indicators of previous years.

Leaders in Price Reduction (Annual Dynamic): Real incomes of the population were supported by the cheapening of basic products:

• Rice: Became the record holder for affordability, falling in price by 16.6% over the year. In December, the price decreased by another 1.8%.

• Eggs: Prices fell by 14.5% compared to the previous year.

• Sugar: Became more affordable by 4.8% , with the price dropping by 2.3% in December alone.

• Flour: An annual decrease of 4.7% was recorded.

• Vegetables: Bell peppers (down 14.9%) and carrots (down 10.8%) became significantly cheaper.

Seasonal Factors: Winter seasonal price increases affected only a limited group of goods (cucumbers and tomatoes) , which was compensated by the stability of meat prices (monthly growth of only 0.5%) and the decrease in prices for cereals and sugar.

3. Non-Food Products: Zone of High Price Stability

This sector has become a true “anchor” of stability for the economy. Annual price growth here amounted to only 5.1%, which is the lowest indicator among all main groups.

• Clothing and Footwear: The market shows enviable consistency — prices rose by only 0.2% in December , and annual growth was a modest 2.7%.

• Household Appliances: In the section of household goods and appliances, monthly growth was a minimal 0.1% , and annual growth was 2.3%. This makes upgrading home appliances more affordable for family budgets.

Fuel Market: The situation with fuel remains stable. In December, methane prices did not change , and popular gasoline grades (AI-91, AI-92) showed only insignificant growth within 0.2%. It is especially worth noting the decrease in propane prices — over the year, it became cheaper by 10.5%.

4. Services Sector: Investment in Infrastructure and Quality

Price growth in the services sector (13.9% for the year) reflects the necessary process of modernizing energy and utility infrastructure.

• Utility Sector: The main tariff adjustment was carried out as planned during the year. In December, tariffs for major utility services (gas, electricity, water) remained unchanged, allowing the population to comfortably pass the winter peak period. The only exception was waste collection, which became more expensive in certain regions.

• Transport: Tariff adjustments for railway (+10.1% for the year) and air transport (+21.7% for the year) allow carriers to upgrade their fleets and improve service quality.

5. Regional Picture: Even Development

Statistics demonstrate a high degree of economic integration of regions and the efficiency of supply chains. Inflationary processes are proceeding synchronously throughout the country, without sharp imbalances.

The range of the annual price index is minimal: from 106.7% in the Jizzakh region to 107.7% in the Republic of Karakalpakstan and the Fergana region. In Tashkent, the inflation level was 107.1%, which is below the national average, confirming the saturation of the capital’s market with goods and services.

Conclusion

2025 became a year of successful economic adaptation for Uzbekistan. The reduction of inflation to 7.3%, the significant cheapening of strategically important food products (rice, flour, oil, eggs), and the high stability of the non-food market create a solid basis for social optimism and confident economic growth in 2026.

Source: National Statistics Committee of the Republic of Uzbekistan