Price Analysis in Kyrgyzstan: What Has Become More Expensive and What Has Become Cheaper at the Beginning of 2026

Сергей Гармаш Economy / Exclusive
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Price Analysis in Kyrgyzstan: What Has Become More Expensive and What Has Become Cheaper at the Beginning of 2026




According to the National Statistical Committee, the consumer price index in February 2026 compared to December 2025 was 101.9%, which corresponds to an increase of 1.9%. The average annual inflation rate for January-February of the current year compared to the same period last year was recorded at 109.6%.

The main factor contributing to the price increase was food products, which increased in cost by 2.1%. Their contribution to the overall inflation index was 0.85 percentage points, explained by the following changes:

- bakery products and cereals: prices increased by 0.3% (contribution 0.04 p.p.) due to rising wheat prices in Kazakhstan and increased logistics costs;

- fruits and vegetables: the cost rose by 6.2% (contribution 0.35 p.p.), including 3.9% for fruits and 8.2% for vegetables. Seasonal factors and rising prices for imported products played a role, along with increased logistics costs;

- dairy products, cheese, and eggs: prices increased by 3.6% (contribution 0.11 p.p.), related to seasonal declines in production and a drop in egg production after bird vaccinations, as well as the situation in the EAEU markets;

- oils and fats: the price rose by 1.4% (contribution 0.04 p.p.) against the backdrop of rising global prices for vegetable oils.

Despite the overall rise in global meat prices, there has been a decrease in meat product prices in Kyrgyzstan by 5.1% (contribution to inflation was (-)0.7 p.p.). This decrease is explained by the introduction of temporary state regulation: since January 30, 2026, maximum retail prices for beef and lamb have been set in regions, including Bishkek and Osh, to control inflation.

Prices for alcoholic beverages and tobacco products increased by 2.2% (contribution 0.1 p.p.), including 2.5% for alcohol (contribution 0.07 p.p.) and 1.1% for tobacco products (contribution 0.009 p.p.), due to annual increases in excise taxes.

The price index for non-food products increased by 0.4% (contribution 0.12 p.p.). In particular, there was a slight increase in prices for clothing and footwear (contribution 0.13 p.p.) by 1.2%, and for household goods and appliances – 2.0% (contribution 0.07 p.p.).

At the same time, prices for housing services, water, gas, and electricity decreased by 1.1% (contribution (-)0.12 p.p.).

Prices for fuel and lubricants fell by 1.9% (contribution (-)0.04 p.p.), including gasoline by 2.1% and diesel fuel by 2.8%. This is due to seasonal discounts from Russian oil refineries and purchases at reduced prices.

It is also worth noting that paid services increased by 3.6% (contribution 0.86 p.p.), in particular:

- healthcare (+1.3%) due to the rising costs of medical supplies and services, as well as the need to narrow the price gap with the private sector;

- recreation and cultural events (+2.2%) – the increase is driven by rising demand for leisure services and rental costs;

- hotels and restaurants (+7.8%) – the main contribution to price growth was 0.53 p.p. due to increased costs for food and utilities;

- transport services (+3.5%) – the increase is related to the introduction of tolls through strategic tunnels and the expected rise in fuel prices.

Since the beginning of 2026, measures of economic regulation have been taken to ensure food security and stabilize prices for basic food products in the country.
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