The annual inflation rate in Kyrgyzstan dropped to 0.8 percent in October 2018 from 1.2 percent in the previous month. Prices slowed for alcoholic beverages & tobacco (7.5% vs 7.8% in September); housing & utilities (0.5% vs 2.3%); transport (4.7% vs 8.4%); household appliances & equipment (0.1% vs 0.3%); miscellaneous goods & services (2.7% vs 3.6%); health (2.4% vs 3.4%) and recreation & culture (0.3% vs 0.8%), while cost of food & non-alcoholic beverages declined further (-2.9% vs -2.8%). Contrarily, prices advanced faster for clothing & footwear (3.1% vs 2.5%) and education (2.5% vs 2.3%). On a monthly basis, consumer prices went up 1.6 percent, after rising 0.1 percent in September. Inflation Rate in Kyrgyzstan averaged 7.12 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.