In Kyrgyzstan, inflation slowed to 4.1% in July 2024, compared to 4.5% in June. This was reported in the macroeconomic review of the Eurasian Development Bank.
According to the bank's review, this dynamic is supported by the easing of price pressure in the food segment.
However, the rise in global prices for vegetable oil, meat, and sugar has been accelerating for several months, which could create upward price pressure in Kyrgyzstan.
The increase in the cost of alcoholic beverages and tobacco products by 9.7% is partly due to the rise in excise taxes. The cost of non-food goods increased by 7.4%, and services by 6.8%.
In the first case, this is due to the rise in import prices, and in the second, to the increase in tariffs for transportation, restaurant, and hotel services.
The financial institution forecasts that by the end of the year, inflation will be 4.3%.
CentralasianLIGHT.org
August 27, 2024