The annual inflation rate in Kyrgyzstan eased to 0.5 percent in November of 2018 from 0.8 percent in October, reaching the lowest since January of 2017. Prices fell for food and non-alcoholic beverages (-2.6 percent vs -2.9 percent in October); housing and utilities (-2.8 percent vs 0.5 percent); restaurants and hotels (-1.1 percent vs -0.4 percent); and recreation and culture (-0.2 percent vs 0.3 percent). Also, inflation eased for clothing and footwear (2.8 percent vs 3.1 percent); alcoholic beverages and tobacco (6.9 percent vs 7.5 percent); and household appliances & equipment (0 percent vs 0.1 percent). On the other hand, prices rose faster for transport (5 percent vs 4.7 percent); miscellaneous goods and services (2.8 percent vs 2.7 percent); health (3.4 percent vs 2.4 percent); education (2.2 percent vs 2.5 percent). On a monthly basis, inflation edged up to 0.7 percent from 0.3 percent. Inflation Rate in Kyrgyzstan averaged 7.09 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 4.00 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 4.20 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.