BAKU, Azerbaijan, Dec. 11
By Klavdiya Romakayeva - Trend:
The annual inflation rate in Uzbekistan continued to slow down in November and amounted to 11.3 percent, Trend reports referring to the Central Bank of Uzbekistan (CBU).
According to the CBU, at the same time, since the end of September, there has been certain acceleration in the growth of prices after their decline in the summer months.
The growth of inflationary expectations in a number of areas of business is associated with the need to implement additional costs due to the transition to alternative types of energy resources, or with the likelihood of a decrease in production volumes due to unstable access to traditional types of energy (natural gas, electricity) in winter.
"The increased pressure on inflation was mainly exerted by seasonal fluctuations and the current dynamics of food prices," the statement said.
The rise in prices for food products in November amounted to 16.3 percent in annual terms. In particular, prices for meat products increased by 17.7 percent, fruits and vegetables - by 18.5 percent, bakery products - by 16 percent compared to the same period in November 2019.
In addition, the growth rates of prices for non-food products and services for 11 months of this year were significantly lower than the general inflation rate and amounted to 8.3 percent and 6.5 percent, respectively.
As a result, the annual core inflation rate continued to slow down and fell to 11.5 percent.
---
Follow the author on Twitter: @romakayeva
