She noted that a significant portion of the consumer basket of citizens consists of imported goods, and that is why changes in international markets have a direct impact on the domestic economic situation.
“Food prices on the global market remain elevated. Given that a large share of the consumer basket is formed by imported goods, the influence of external factors on the economy of our country becomes evident,” Mambetkul kyzy said.
According to the regulator's representative, an important factor is also the economic processes in Kyrgyzstan's trading partner countries.
“In countries such as Kazakhstan, Uzbekistan, and Russia, a high level of inflation has been recorded over the past two years. These states are our key trading partners, so price changes in them directly affect our economy,” she added.
Mambetkul kyzy also pointed to internal factors contributing to price changes. In particular, she noted that there is an observed growth in the economy and an increase in the population's income.
“The economy is demonstrating double-digit growth rates. We see an increase in the real incomes of citizens, a significant influx of remittances, and an expansion of domestic consumption. All these factors contribute to rising prices,” she emphasized.
The National Bank also noted possible external geopolitical risks.
According to Mambetkul kyzy, the unstable situation in the Middle East may affect global food markets. Although there is currently no direct impact on Kyrgyzstan's economy, a worsening situation could lead to increased inflationary risks.
According to information from the National Bank, since the beginning of 2026, the inflation rate in Kyrgyzstan has been 1.8%, while on an annual basis it has reached 9.6%.
