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Article: Central Asia & Caucasus Business Report.(economic and business news briefs from the region)
- Article from:
- Central Asia & Caucasus Business Report
- Article date:
- March 3, 2003
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Uzbekistan Posts Inflation Of 21.6% In 2002
Consumer prices in Uzbekistan rose 21.6% in 2002, compared with 26.6% in 2001, the Central Bank has said.
The government had targeted inflation of 14%-15% for 2002.
This year, the government is forecasting inflation of 10%-12%.
The increase in prices for the products of natural monopolies controlled by the state, an increase in customs duty, which affects the price of imported consumer goods, and a general increase in prices triggered by structural reforms contributed to inflation, according to the Central Bank.
The use of Central Bank loans to cover the budget deficit was reduced to ...