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

Виктор Сизов Economy
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Price analysis in Kyrgyzstan: what has become more expensive and what has become cheaper at the beginning of 2026









The consumer price index in Kyrgyzstan for February 2026 compared to December 2025 increased by 1.9%, reaching 101.9%. The average annual inflation for the period from January to February of this year was 109.6% compared to the same period in 2025, according to data from the National Statistical Committee.

The main factor contributing to the rise in prices was food products, which increased in price by 2.1%. This led to an addition of 0.85 percentage points to the overall inflation level, caused by:

- bakery products and cereals: price increase of 0.3% (contribution 0.04 p.p.), due to the rise in wheat prices in Kazakhstan, which is the main source of grain, as well as increased logistics costs;

- vegetables and fruits – price increase of 6.2% (contribution 0.35 p.p.), including a rise in fruit prices by 3.9% and vegetable prices by 8.2%. The significant price increase is explained by seasonal factors (reduction in stocks of last year's produce) and the rise in prices for imported products, as well as increased storage and transportation costs;

- dairy products, cheese, and eggs. Prices increased by 3.6% (contribution 0.11 p.p.), related to the seasonal decline in milk production and the rise in egg prices due to reduced supply (temporary decrease in egg-laying after bird vaccination) and the situation in the EAEU market (Russia and Kazakhstan);

- oils and fats. Prices for these increased by 1.4% (contribution 0.04 p.p.), due to the rise in global prices for vegetable oils against the backdrop of seasonal production declines.

Despite the overall rise in global meat prices, there is a decrease in prices for meat products in Kyrgyzstan by 5.1% (contribution to inflation was (-)0.7 p.p.). This price decrease is explained by the introduction of temporary government measures from January 30, 2026, when maximum retail prices for beef and lamb were set in various regions of the country, including Bishkek and Osh, to reduce inflationary pressure.

The increase in prices for alcoholic beverages and tobacco products was 2.2% (contribution 0.1 p.p.), specifically alcohol – by 2.5% (contribution 0.07 p.p.), tobacco – by 1.1% (contribution 0.009 p.p.), which is related to the annual increase in excise taxes on these goods.

The price index for non-food products increased by 0.4% (contribution 0.12 p.p.), with a moderate increase in prices for clothing and footwear (contribution 0.13 p.p.) – 1.2%; prices for household appliances and household items increased by 2.0% (contribution 0.07 p.p.).

At the same time, the cost of housing services, water, electricity, gas, and other types of fuel decreased by 1.1% (contribution (-)0.12 p.p.).

The prices for fuel and lubricants decreased by 1.9% (contribution (-)0.04 p.p.), specifically gasoline – by 2.1%, diesel fuel – by 2.8%. The price decrease is associated with seasonal discounts from Russian oil refineries at the end of December and purchases at lower prices.

In addition, paid services increased by 3.6% (contribution 0.86 p.p.), specifically:

- healthcare (+1.3%) due to the increase in prices for medical supplies, consumables, and services, as well as due to the increased autonomy of medical institutions and the need to reduce the gap in prices with the private sector;

- leisure services and cultural events (+2.2%) – the increase in prices is related to the rise in demand for leisure services and increased costs for renting premises and paying staff;

- hotels and restaurants (+7.8%) – the greatest impact on price growth, amounting to 0.53 p.p., was caused by increased costs for food, labor, and utilities;

- transportation services (+3.5%) – the price increase is due to the introduction of paid passage through strategic tunnels (Bishkek-Osh, North-South) from February 25, the expected rise in fuel prices by 15%, and the overall increase in logistics costs.

At the beginning of 2026, economic regulation measures are being taken to ensure food security and stabilize prices for key food products in the domestic market.
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