The Central Bank of Uzbekistan reported a decrease in inflationary expectations among the population and businesses. According to the results of the April survey, the average forecast for price growth over the next 12 months was 10.6%, which is 0.4 percentage points lower than a month earlier. Thus, expectations reached their lowest values in recent months, reflecting a cautious improvement in price sentiment.

The study involved 3475 respondents. At the same time, the median indicator remained at 9.5%, which indicates a more restrained assessment of inflation by the majority of respondents. The spread of values across regions persists: the highest expectations were recorded in Tashkent, Kashkadarya, and Surkhandarya regions, while lower expectations were observed in Karakalpakstan, Samarkand, and Navoi regions.

Pensioners and trade workers, as well as representatives of the service and education sectors, expect the highest price growth. At the other end of the spectrum are students and civil servants. In general, respondents with higher incomes predict higher inflation. The main reasons for price growth cited by survey participants are utility costs, rising energy prices, food products, and exchange rate fluctuations.