IMPROVING STATISTICAL METHODS AND PROCESSES FOR CALCULATING THE INFLATION RATE IN THE REPUBLIC OF UZBEKISTAN

Abstract

This article examines the current statistical methods and processes used to calculate the inflation rate in the Republic of Uzbekistan and identifies key areas for their improvement. Particular attention is given to the Consumer Price Index (CPI), the selection of representative goods and services, the determination of expenditure weights, price data collection methods, and the application of modern digital technologies in statistical processing. The study analyses the methodological foundations of inflation measurement, including index methods, time-series analysis, comparative analysis, and structural assessment. It also explores opportunities to enhance the accuracy, reliability, timeliness, and transparency of price statistics through the integration of administrative data, electronic transaction records, and webbased information sources. Based on the analysis, practical recommendations are developed to modernise the CPI calculation process, strengthen data quality control, and expand the analytical capacity of the national statistical system. The findings may contribute to improving the methodological framework for inflation measurement and providing reliable statistical information to support economic policy decision-making in Uzbekistan.