MAJOR INFLATIONARY FACTORS IN THE ECONOMY OF UZBEKISTAN AND ANTI-INFLATION POLICIES

Koshanov Abdimurat Azat Uli and Oralbaeva Diana Mukhit Qizi

GREEN ECONOMY AND DEVELOPMENT, 2025, vol. 3, issue 12

Abstract: This article analyzes the dynamics of inflation in the Uzbek economy in 2019–2024, the main external andinternal factors influencing its formation, and strategies for reducing inflation. The study used open data from internationaland national institutions, such as the Central Bank of the Republic of Uzbekistan, the State Statistics Committee, the WorldBank, and the International Monetary Fund. Based on statistical data, the interrelationships between annual changes ininflation, energy prices, shifts in the global food market, the national exchange rate, and monetary policy were examined.The results showed that the persistence of high inflation in Uzbekistan is explained, on the one hand, by external priceshocks and high dependence on imports, and, on the other hand, by insufficiently developed market infrastructure, weakcompetition, and administrative changes in some tariffs. The article concludes with a comprehensive strategy, consistingof a set of monetary, fiscal, and structural reforms, to bring inflation closer to a sustainable 5 percent target level

Keywords: inflation; economy of Uzbekistan; monetary policy; price stability; macroeconomic stability; consumer price index; energy prices; external shocks; structural reforms. (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:3:y:2025:i:12:id:8361

DOI: 10.5281/zenodo.18009538

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