Uzbekistan aims to reduce inflation to 5% by 2027.

The budget of Uzbekistan for 2025 defines a carefully managed approach to inflation control, targeting a decrease from 12.3% in 2022 to 5-6% by 2026-2027. This reduction is intended to stabilize prices, protect purchasing power, and foster a stable economic environment for both households and businesses.

According to the budget document, “it is projected that the inflation rate in Uzbekistan will be around 9% in 2024, decrease to 7% by 2025, and reach 5% by 2027.”

To achieve these objectives, the government will implement a series of measures, including a strict monetary policy and limiting the budget deficit to no more than 3% of GDP. This policy is complemented by revenue-enhancing strategies focused on more efficient tax collection and economic reforms aimed at reducing inflationary pressures.

Reducing inflation will benefit both consumers and businesses. As inflation levels decrease, an improvement in citizens' purchasing power is expected, which will enhance living standards and make essential goods and services more accessible. The inflation control strategy is also designed to create a predictable business environment, reducing inflationary risks that could otherwise hinder domestic and foreign investments. This ambitious goal underscores Uzbekistan's commitment to economic resilience, ensuring sustainable growth within its 2025 state budget.