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Republic of Uzbekistan
Inflation in the consumer sector of the Republic of Uzbekistan for June 2018
2018-07-02 | Economics
In June 2018, for the first time in the past period of 2018, the general level of prices for goods and services in the consumer market declined, while deflation in the consumer sector for the month was 0.4%.
Dynamics of the consumer price index for January-June 2018
(compared to the previous month,%)
Prices for goods on average for the month decreased by 0.6%, while services, on the contrary, became more expensive by 0.3%.
The consumer price index for January-June 2018
(compared to the previous month,%)
As shown in the data below, deflation in the consumer sector is due to a decrease in prices for food products, while non-food products and services, on the contrary, acted as an inflationary factor.
The consumer price index for January-June 2018
(compared to the previous month,%)
Analysis of the impact of price changes on major groups showed that the increase in prices for services and non-food products ensured the increase in the composite consumer price index (CPI) by 0.4 percentage points (pp), the decline in food prices led to a decrease in the CPI by 0.8 percentage points.
The impact of price changes on major groups of goods and services on the
consolidated CPI for June 2018
The consumer price index for food products
As noted above, the prices for food products decreased by 1.8% on average for the month, which ensured a decrease in the CP I by 0.8 pp.
Change in consumer prices for major food groups in June 2018
(compared to the previous month, increase and decrease in%)
The decline in prices for fruit and vegetable products, as well as eggs, sugar, oil and fats, had a decisive influence on the overall level of food prices and led to a reduction in the consolidated CPI by 1.5 percentage points. Along with this, the increase in prices for meat products, bakery products, alcoholic beverages and other food products contributed to the growth of the CPI (an effect of the order of 0.7 percentage points).
Of the main subgroups of food products, the leaders in price growth are croups and beans (an increase of 15.3%), prices reduction for potatoes and vegetables (decrease by 38.9% and 29.1%, respectively).
Change in consumer prices for major types of food products in June 2018
(compared to the previous month,%)
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The increase in prices for alcoholic beverages is largely due to the commissioning of additional charges for the development of physical culture and sports, as stipulated by the Decree of the President of the Republic of Uzbekistan of 5 March 2018 №. PP-3583 "On the organization of activities Ministry of Physical Culture and Sports of the Republic of Uzbekistan ". However, it should be noted that in June of this year, many organizations of the retail network sold the remains of alcoholic beverages at unchanged prices, and therefore the full reflection of the introduction of the mechanism of additional fees on retail prices of alcohol is expected only from the second half of this year. Of the other food products, soft drinks rose most significantly, by 0.9%. |
Consumer price index for non-food products
The increase in prices for non-food products by 0.8% led to an increase in the consolidated CPI by 0.3 percentage points. Prices for the main types of goods of this group have not undergone significant changes, except for fuel for cars and building materials. Changes in prices for the main groups of non-food products are presented below:
Consumer price index for major non-food groups for June 2018
(compared to the previous month, %)
The main influence on the increase in the consumer price index in the group of non-food products was the increase in prices for propane sold to the population through a network of gas stations. Over the month, the average price for it increased by 63.6%. In some regions, this growth was two or more times (Samarkand, Surkhandarya and Khorezm regions). The main impact on the price level was made by changes in stock quotes, as well as the current situation in the market of fuels and lubricants.
Of the building materials, which for the month added an average of another 1.5%, cement and wallpapers went up most significantly.
The consumer price index for the main types of building materials for June 2018
(compared to the previous month, %)
Consumer price index for services
| Tariffs for services for the population of significant changes have not undergone and in June they increased by only 0.3%. This led to an increase in the consolidated CPI by 0.1 pp. Against the backdrop of relative stability of tariffs for main types of services, passenger transport services increased by an average of 1.4% and services of household nature by 0.4%. |  |
Consumer price index for selected types of services for the population for June 2018
(compared to the previous month, %)
By the decision of the khokim of Kashkadarya region, the cost of travel by the city bus in the region has increased since June this year by 66.7%. Based on the decisions of the khokim of the Khorezm region, the fare for the city bus was increased by 42.9% and the fixed-route taxi went up by 11.1%. The fare in the fixed-route taxi also increased in the Fergana region - by 9.4%.
Railway transport services have risen in price due to an increase in the cost of travel documents for local traffic trains and a slight increase in the Swiss franc rate relative to the sum.
Strengthening of the national currency relative to the euro led to a decrease in ticket prices for the National Air Company "Uzbekistan Airways".
