Kyrgyzstan Inflation Accelerates to 9.4% in December 2025

Kyrgyzstan’s annual inflation rate rose to 9.4% in December 2025 from 9.2% in the previous month. Price growth was notable in food and non-alcoholic beverages (+9.9%), alcoholic beverages and tobacco (+8.0%), non-food products (+7.8%), and service tariffs (+11.2%). Regionally, all areas saw price increases, with Osh recording the highest overall rise (+11.6%), driven by non-food products (+12.0%) and services (+13.5%). The Chui region experienced the largest increase in food and non-alcoholic beverages (+13.1%), while Issyk-Kul saw the highest inflation for alcoholic beverages and tobacco (+14.4%).

Kyrgyzstan’s annual inflation rate slowed to 9.2% in November 2025 from 9.3% in the previous month. Main downward pressure came from softer price increases for food and non-alcoholic beverages (10.5% vs 10.6% in October), housing and utilities (14.7% vs 16.2%), healthcare (11.5% vs 11.8%), and transport (6.2% vs 6.9%). On the other hand, inflation increased further for household appliances (3.8% vs 2.6%), recreation and culture (8.5% vs 7.5%), and miscellaneous goods and services (11.5% vs 9.8%). On a monthly basis, consumer prices rose by 1.1% in November, easing from a 1.5% increase in the preceding period.

The headline inflation rate in Kyrgyzstan rose to 9.3% in October of 2025 from 8.4% in the previous month, remaining close to the two-year high of 9.5% from August as capacity pressures and effects of Western sanctions pressured the availability of goods in economies with exposure to Russia. Russia's cap on exports of refined and distilled petroleum goods due to strikes from Ukraine and maintenance issues on refineries drove inflation for fuels and lubricants to surge to 9.8% from 5.7% in October. Consequently, transportation costs accelerated by 6.9% from 3.8%. Also, inflation quickened for housing and utilities (16.2% vs 13.7%) amid soaring price growth for services of residential maintenance (23.5%) and fuel (17.3% vs 9.2%). In the meantime, food inflation slowed to 10.6% from 10.7%.