Consumer prices in Kyrgyzstan declined 0.7 percent year-on-year in February 2019 compared to a 0.4 percent rise in the previous month. It is the first fall in consumer prices since December of 2016, mainly due to decreases in cost of food and non-alcoholic beverages (-3.3 percent compared to -2.6 percent) and a slowdown in prices of clothing and footwear (1.9 percent compared to 2.1 percent); alcoholic beverages and tobacco (4.7 percent compared to 5.2 percent); housing and utilities (0.3 percent compared to 0.6 percent); transport (0.4 percent compared to 2.9 percent); and communication (1.9 percent compared to 16.1 percent). On a monthly basis, consumer prices went down 0.2 percent, after a 0.4 percent increase in the previous month. Inflation Rate in Kyrgyzstan averaged 6.98 percent from 2003 until 2019, reaching an all time high of 32.45 percent in July of 2008 and a record low of -0.70 percent in February of 2019.
Inflation Rate in Kyrgyzstan is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Kyrgyzstan to stand at 3.20 in 12 months time. In the long-term, the Kyrgyzstan Inflation Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.