The average annual inflation rate (January-September 2025 compared to the same period in 2024) was 107.8%.
The agency reports that the rise in consumer prices and tariffs over the first nine months of the current year (compared to December 2024) is observed in all regions of the country.
Price changes in 2025 are a result of both domestic demand and external factors, such as global food inflation and rising world logistics prices.
Key factors influencing price dynamics:
- The increase in food prices is primarily related to seasonal fluctuations in the prices of fruits and vegetables;
- The dependence of the domestic market on food imports (flour, vegetable oil, cereals, etc.) and general global trends (due to rising prices for vegetable oil, meat, sugar, supported by high import demand). The FAO food price index in September 2025 was 128.8 points, which is 4.2 points (3.4%) higher than the level in September 2024. In September, meat prices reached a record 127.8 points, which is 6.6% higher than last year's figure;
- The increase in fuel prices from January to September 2025 (gasoline - by 8.8%, diesel - by 6.3%) is associated with seasonal demand and export restrictions to the Russian Federation (Russia has imposed bans on the export of certain petroleum products until the end of 2025 to avoid shortages within the country, which also affects import prices, even though Kyrgyzstan participates in special agreements);
- The increase in housing and construction material prices (+8-12%) is due to rising demand and the rising cost of construction materials, including imported ones;
- A significant increase in lending volumes: from January to August 2025, the volume of consumer loans increased by 51.6%, and compared to 2023, it increased 2.7 times, which creates additional pressure on prices;
- The persistence of high inflation expectations among the population.
