Inflation Uzbekistan 2024
Average inflation: 9.6%
Current Inflation
Inflation is very high at 9.6%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 10.6%. The lowest inflation was in March at 8.0%.
- Highest month
- June: 10.6%
- Lowest month
- March: 8.0%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 29.6%. The lowest price increase was in Energy with an average of 29.6%.
- Highest increase
- Energy: 29.6%
- Lowest increase
- Energy: 29.6%
Historical Context
Current inflation is 1.4% lower than the 5-year average of 11.0%.
- 5-year average
- 11%
- 10-year average
- 11.8%
- All-time high (2018)
- 17.6%
- All-time low (2016)
- 8.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.4 percentage point.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- February: -3.9 percentage points
ECB Target
Inflation is 7.6% 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 €109.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 8.6% | -3.6 |
| February | 8.3% | -3.9 |
| March | 8.0% | -3.7 |
| April | 8.1% | -2.9 |
| May | 10.5% | +0.1 |
| June | 10.6% | +1.6 |
| July | 10.5% | +1.6 |
| August | 10.5% | +1.5 |
| September | 10.4% | +1.2 |
| October | 10.2% | +1.2 |
| November | 10.0% | +1.3 |
| December | 9.8% | +1.1 |
| Average | 9.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.