SEPT. 1 2015 (The Conway Bulletin) – From Sept.1 government salaries and pensions in Uzbekistan increased by 10%, media reported, another indication that inflation is accelerating across the region.
Uzbek president Islam Karimov ordered 26, ostentatiously to improve the quality of life for ordinary people but in reality to keep up with price inflation in basic foodstuffs, utilities and petrol.
Like the rest of the region, Uzbekistan’s currency has fallen sharply in value and remittance from Russia have roughly halved.
The Uzbek government usually increases salaries and pensions once or twice a year. The previous salary increase of 12% came in December 2014.
As well as boosting salaries, the government is also increasing import duties on major staples ranging from meat and poultry, to dairy and fruits by around 30%. University tuition fees have risen by 15%. Part of the thinking behind the increase in duties is to ring-fence agricultural production in Uzbekistan during the economic downturn.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 246, published on Sept. 4 2015)