The annual inflation rate in Kyrgyzstan increased to 0.9 percent in June 2019 from 0.1 percent in the prior month. It was the highest inflation rate since September 2018, as food and non-alcoholic beverages cost rebounded (1.3 percent vs -0.3 percent in May) while prices declined less for housing & utilities (-0.3 percent vs -1.3 percent) and transport (-0.6 percent vs -1.6 percent). On the other hand, cost advanced at a softer pace for clothing & footwear (0.8 percent vs 0.9 percent); alcoholic beverages & tobacco (3.9 percent vs 4.1 percent); miscellaneous goods & services (1.5 percent vs 1.6 percent) and recreation & culture (0.1 percent vs 0.4 percent) while inflation was steady for furniture & household equipment (at 0.2 percent) and health (at 1.9 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.1 percent rise in the prior month. Inflation Rate in Kyrgyzstan averaged 6.84 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 1.90 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 2.90 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.