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Finance 01/05/2018 State Statistics Committee: Inflation in Uzbekistan reach 0.9% in April
State Statistics Committee: Inflation in Uzbekistan reach 0.9% in April
Tashkent, Uzbekistan (UzDaily.com) -- In April 2018, the growth of prices and tariffs in the consumer market of Uzbekistan averaged 0.9%. Goods for the month became more expensive by 0.4%, services - by 2.7%, the Uzbek State Statistics Committee said.

Compared with the dynamics of the price index to the previous months of 2018, in April of this year, the growth of tariffs for services significantly outstripped the increase in prices for goods.

Analysis of the effect of price changes on major groups over the past period shows that the increase in prices for goods ensured the increase in the composite consumer price index (CPI) by 0.3 percentage points (pp), services by 0.6 percentage points.

As already noted, food products in April became more expensive only by 0.3%, which ensured a total increase in the CPI by 0.1 percentage points.

From the main groups of food products, the leadership in the growth and decrease in prices belongs, respectively, to fruit and vegetable products and eggs.

From the other food products, the most significant decrease in the price of eggs - by 7.5% and sugar - by 3.6%, which, to a large extent, is due to the saturation of the market with these products.

The level of average prices for other types of food products has not undergone significant changes.

In April, relative stabilization of the growth rates of prices for non-food products was observed. For a month, prices for them increased insignificantly (by an average of 0.4%), which led to an increase in the CPI by 0.2 pp.

The prices for building materials, household textiles, kitchen utensils and appliances, fuel for cars increased most significantly.

In April 2018, the growth rates of prices for building materials slightly decreased, although they exceeded the average group increase in prices for non-food products.

The main increase in prices was noted for brick - by 3.6%, cement - by 2.5%, paints - by 1.6%, wallpapers - by 1.0%.

As for the price index for fuel for cars, it should be noted that it was formed under the influence of rising methane prices in a number of regions (an average increase of 8.4% in the country) and a drop in prices for propane in all regions of the country by an average of 18.7%.

The level of prices for clothing and footwear was influenced by seasonal trends: clothes and footwear for the spring-summer season became more expensive, while prices for insulated clothing and winter footwear declined.

Services for the population for the month on average became more expensive by 2.7%. This ensured the growth of the consolidated CPI by 0.6 p.p.

The growth of tariffs in the housing and communal services sector led to an increase in the CPI by 0.5 percentage points, and had a major impact on the increase in the average level of tariffs in general in the service sector.

By the decision of the Ministry of Finance of the Republic of Uzbekistan, from 1 April 2018, higher tariffs for electricity and gas for the population were put into effect throughout the republic.

It should be noted that the contributions of the members of the PHA for the maintenance of common property have increased in five regions (Bukhara, Kashkadarya, Samarkand, Syrdarya regions and Tashkent), and liquefied gas has risen in all regions, with the exception of the Republic of Karakalpakstan and Khorezm region.

The increase in fees for the removing of domestic wastes is registered only in Jizzakh and Navoi regions.

Sports services have risen in price due to the increase in the cost of monthly season tickets for visiting sports and recreational facilities and swimming pools in Tashkent and Kashkadarya region.

Services for the repair of furniture and household goods rose by an average 1.9%, house repairs by 1.5%, clothing by 1.4%, hairdressers and cosmetologists by 1.3%, which was reflected in the increase CPI for household services by 1.3%.

Passenger transport services became more expensive due to the increase in tariffs for air transport by 4.9%. At the same time, the nature of tariff changes was reflected in the increase in the cost of tickets for flights to CIS countries and international destinations, while tickets for flights to the cities of the republic became cheaper due to the depreciation of the euro against the national currency.

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