Inflation Uzbekistan 2022
Average inflation: 11.4%
Current Inflation
Inflation is very high at 11.4%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 12.3%. The lowest inflation was in February at 9.7%.
- Highest month
- July: 12.3%
- Lowest month
- February: 9.7%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 3.8%. The lowest price increase was in Energy with an average of 3.8%.
- Highest increase
- Energy: 3.8%
- Lowest increase
- Energy: 3.8%
Historical Context
Current inflation is 2.1% lower than the 5-year average of 13.5%.
- 5-year average
- 13.5%
- 10-year average
- 11.9%
- All-time high (2018)
- 17.6%
- All-time low (2016)
- 8.1%
Trend
Inflation shows a downward trend. Compared to 2021, inflation has fallen by +0.5 percentage point.
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- December: +2.3 percentage points
ECB Target
Inflation is 9.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €111.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 9.8% | -1.8 |
| February | 9.7% | -1.7 |
| March | 10.4% | -0.5 |
| April | 10.4% | -0.3 |
| May | 11.0% | +0.1 |
| June | 12.2% | +1.3 |
| July | 12.3% | +1.2 |
| August | 12.3% | +1.2 |
| September | 12.2% | +1.4 |
| October | 12.2% | +1.6 |
| November | 12.3% | +2.0 |
| December | 12.3% | +2.3 |
| Average | 11.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.