The annual inflation rate in Kyrgyzstan stood at 0.5 percent in December 2018, unchanged from November, at the lowest level since January 2017. Prices advanced at a slower pace mainly for clothing & footwear (2.5 percent vs 2.8 percent) and transport (3.7 percent vs 5.0 percent). In addition, cost fell for food & non-alcoholic beverages (-2.6 percent, the same pace as in November) and housing & utilities (-0.7 percent vs -2.8 percent). On a monthly basis, consumer prices went up 0.7 percent, the same pace as in the previous month. Inflation Rate in Kyrgyzstan averaged 7.05 percent from 2003 until 2018, reaching an all time high of 32.45 percent in July of 2008 and a record low of -0.60 percent in April of 2016.
Inflation Rate in Kyrgyzstan is expected to be 3.90 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 4.50 in 12 months time. In the long-term, the Kyrgyzstan Inflation Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.