TASHKENT, Uzbekistan, April 25. The Asian
Development Bank projects inflation in Uzbekistan to decline to
6.5% by the end of 2026 and converge toward the medium-term target
of 5.0% in 2027, Trend reports.
According to the bank’s latest report, continued tight monetary
conditions, a relatively stable exchange rate, and moderating core
inflation are expected to support the disinflation process.
At the same time, the ADB notes that inflation in the services
sector may remain relatively elevated due to persistent demand-side
pressures, while seasonal supply disruptions could lead to
temporary volatility in food prices.
Inflation expectations have recently shown signs of
stabilization, indicating that tight monetary policy may need to be
maintained for longer to ensure a sustained return to target
levels.
Meanwhile, in a separate assessment, the Eurasian Development
Bank (EDB) forecasts that inflation in Uzbekistan will slow to 6.7%
year-on-year by the end of 2026.
