As of November 19, inflation reached 12.1 percent in Kyrgyzstan in annual terms. Prices have increased by 9.5 percent since the beginning of 2021. The National Bank of Kyrgyzstan provided such data.
The emerging dynamics of consumer prices is influenced by various non-monetary shocks. The main factors behind the current rise in prices are a steady growth of prices on the world food markets, an increase in tariffs and regulated prices — public transport fares and electricity tariffs. In addition, there is a significant increase in prices for fuels and lubricants associated with the global trend of rising prices for energy resources.
«It is expected that a further rise in world prices for food products will be one of the main factors of inflation in Kyrgyzstan. Growth of administered and regulated prices and tariffs can make an additional contribution to inflation,» the National Bank predicts.