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Finance 02/04/2018 CBU: Exchange rate for January-March strengthened by 0.5%
CBU: Exchange rate for January-March strengthened by 0.5%
Tashkent, Uzbekistan (UzDaily.com) -- Prices for the observed basket of goods in Uzbekistan in the first quarter of 2018 increased by an average of 1%. This is reported by the Central Bank with reference to preliminary data.

At the same time, in March the average price level for this group of goods decreased by 0.4%, while the price increased in January and February by 0.6% and 0.7% respectively, which indicates a gradual decrease and stabilization of the price level for the studied group of goods.

In particular, according to data collected for all regions of Uzbekistan, in January-March 2018, onion prices fell by 46.4%, eggs - by 23.3%, sugar by 10%, potatoes by 6.2%, rice - by 4.2%, vegetable oil - by 3.2%, wheat flour - by 2.2%, carrots by 1.8%. At the same time, the growth of meat prices was 1.1%.

Among non-food consumer goods there was a decrease in prices for clothing - by 4.9%, footwear - by 3.8%, TVs by 7.8%, vacuum cleaners by 4.4% and refrigerators by 3.5%.

For comparison, in the first quarter of 2017, according to the State Statistics Committee, prices for many of these types of goods grew. In particular, onions went up by 47.2%, potatoes by 27.2%, eggs by 3.1%, carrots by 1.9%, vegetable oil by 1.5%, sugar by 1, 4%, wheat flour - by 0.6%, meat and poultry by 0.5%, clothes by 2.9%, footwear by 2.1%, refrigerators by 4.8%, TVs by 3%, vacuum cleaners - by 2.4%.

Curbing inflationary processes and stabilizing the level of prices in the consumer sector of the economy contributed to such factors as preservation of exchange rate stability in the first quarter of this year, as well as low growth rates of the money supply.

Thus, the exchange rate for January-March strengthened by 0.5%, while in the comparable period last year it depreciated by 10%.

In the first quarter of 2018, the money supply increased by 1% overall (in the same period of 2017 - by 7.6%). The volume of cash in circulation in the period under review decreased by more than 6% against an increase of 21% in the corresponding period of 2017.

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