Uzbekistan Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Uzbekistan's inflation rate was 9.13% in 2025, ranked 24th globally. This represents a 5.2% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
Uzbekistan's inflation rate stood at 9.13% in 2025, a decline of +0.50pp from 2024. The IMF projects 9.13% by 2025. Uzbekistan ranked 24th globally.
Uzbekistan’s inflation rate has fallen dramatically from an all‑time peak of 1568.33 % in 1994 to a historic trough of 7.33 % in 2004, reflecting the country’s transition from hyperinflationary shocks in the early post‑Soviet period to more disciplined macro‑policy. After a gradual rise in the 2010s, the rate climbed again to 9.13 % in 2025, placing Uzbekistan 24th globally and just above the Russian Federation’s 9.00 % and slightly below Sierra Leone’s 9.43 % for the same year. The 34‑year series shows that while inflation remains elevated relative to the 2004 low, it is lower than the volatile spikes of the 1990s and early 2000s, suggesting that recent monetary tightening and exchange‑rate management have had a moderating effect. Continued fiscal consolidation and deeper integration into regional trade networks could further dampen price pressures, keeping inflation on a downward trajectory in the medium term.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 4.98% | - | - |
| 2029* IMF | 4.99% | - | - |
| 2028* IMF | 5.01% | - | - |
| 2027* IMF | 6.30% | - | - |
| 2026* IMF | 7.27% | - | - |
| 2025* IMF | 9.13% | - | - |
| 2025 | 9.13% | −0.50pp | #24 |
| 2024 | 9.63% | −0.33pp | #167 |
| 2023 | 9.96% | −1.49pp | #153 |
| 2022 | 11.45% | +0.60pp | #140 |
| 2021 | 10.85% | −2.02pp | #177 |
| 2020 | 12.87% | −1.66pp | #179 |
| 2019 | 14.53% | −3.00pp | #185 |
| 2018 | 17.52% | +3.65pp | #188 |
| 2017 | 13.88% | +5.05pp | #182 |
| 2016 | 8.13% | −0.33pp | #173 |
| 2015 | 8.75% | −0.33pp | #177 |
| 2014 | 9.28% | −2.42pp | #187 |
| 2013 | 11.84% | −0.06pp | #193 |
| 2012 | 13.21% | +0.76pp | #188 |
| 2011 | 13.78% | +1.48pp | #184 |
Detected Pattern
Analysis
Uzbekistan matched the Orthodox Tightening Cycle pattern in 2018. Historically, 57% of countries showing this pattern (177 out of 311) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Uzbekistan's inflation rate was 9.13% in 2025. Ranked 24th globally. This represents a 5.2% decrease from the previous year.
Uzbekistan's inflation rate peaked at 1,568.33% in 1994.
The lowest inflation rate in Uzbekistan was 7.33% in 2004.
Uzbekistan ranks 24th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Uzbekistan's inflation rate is projected to reach 9.13% by 2025 based on IMF projection.
The inflation rate of Uzbekistan in 2025 was 9.13%. This ranks 24th in the world.
Cite this page
@misc{historysaid_uzbekistan_inflation-rate,
title = {Uzbekistan Inflation Rate},
url = {https://historysaid.com/uzbekistan/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}