This article analyzes the formation, development stages, and main factors influencing inflation processes in the Republic of Uzbekistan. It covers the dynamics of inflation rate changes from the beginning of the transition to a market economy to the present day, highlighting the effectiveness of the state's monetary policy and its impact on macroeconomic stability. Furthermore, reforms aimed at curbing inflation, ensuring price stability, and improving public welfare are discussed. The experience of the Central Bank in using monetary policy instruments is examined based on an analytical approach. The results of the study include practical proposals and recommendations that contribute to the formation of a stable price environment in the Uzbekistan economy.