Annual inflation in Uzbekistan accelerated to 6.5% in October

October data

Annual consumer price growth in Uzbekistan for October 2026 stood at 6.5%, reports the National Statistics Committee. This is 0.1 percentage point higher than in September. Monthly inflation was 0.6% — the same as in October last year and 0.1 percentage point below the September figure.

Comparison with last year

Inflation remains significantly lower than last year's: in October 2025, annual price growth was 7.8%. However, the gap is narrowing: a month ago it was 1.6 percentage points, now it is 1.3 percentage points. Since the beginning of the year, prices have risen by 4.8%, compared with 5.7% over the first ten months of 2025.

Structure of price growth

Food prices have been rising by 1% per month for the second month in a row; over the year, their prices increased by 6.4%. Non-food goods rose by 0.2% in October, or 5.6% year-on-year (a year ago — 5.8%). Paid services became 0.6% more expensive over the month and 7.3% over the year, which is noticeably lower than last year's 14.4%. Excluding food, annual inflation was 6.8%, compared with 8.6% a year earlier.

Regional picture

Tashkent led in price growth for October (0.9%), followed by Samarkand region (0.8%). In Karakalpakstan and the Bukhara, Jizzakh, Namangan, Fergana and Khorezm regions, monthly inflation was 0.5%. Over 12 months, prices rose the most in the capital (7.4%), Samarkand (6.7%) and Fergana (6.6%), and the least in Bukhara region (5.9%).

Context of inflation expectations

Spot.uz previously wrotethat in September the population's perceived inflation fell below 10% for the first time since observations began. Against this backdrop, October's 0.1 percentage point acceleration in annual inflation remains small, but it is the second upward correction in a row after a period of decline.