Consumer prices in Kyrgyzstan declined 0.5 percent year-on-year in April of 2019, following a 0.7 percent drop in the previous month. It was the third straight month of deflation, as cost fell for food & non-alcoholic beverages (-1.8 percent vs -2.7 percent in March), mostly due to fruits (-15 percent vs -12.5 percent) and vegetables (-13.3 percent vs -17.1 percent); housing & utilities (-2.0 percent vs -0.1 percent); transport (-0.7 percent vs 0.3 percent); furniture and household equipment (-0.1 percent vs 0.3 percent) and for recreation & culture (-0.3 percent, the same pace as in March). Meantime, prices rose at a softer pace for clothing & footwear (1.2 percent vs 1.4 percent) and health (2.7 percent vs 3.0 percent). On the other hand, cost increased faster for miscellaneous goods & services (2.0 percent from 1.7 percent) and for education (1.7 percent vs 1.6 percent). On a monthly basis, consumer prices fell 0.4 percent, following a 0.3 percent drop in March. Inflation Rate in Kyrgyzstan averaged 6.90 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 1.10 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 2.20 in 12 months time. In the long-term, the Kyrgyzstan Inflation Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.