Inflation Kyrgyzstan 2023
Average inflation: 10.8%
Current Inflation
Inflation is very high at 10.8%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 16.2%. The lowest inflation was in December at 7.2%.
- Highest month
- February: 16.2%
- Lowest month
- December: 7.2%
- Difference
- 9.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 11.7%. The lowest price increase was in Food with an average of 8.5%.
- Highest increase
- Energy: 11.7%
- Lowest increase
- Food: 8.5%
Historical Context
Current inflation is 2.0% higher than the 5-year average of 8.8%.
- 5-year average
- 8.8%
- 10-year average
- 6.3%
- All-time high (2008)
- 24.7%
- All-time low (2016)
- 0.4%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +3.1 percentage point.
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- December: -7.5 percentage points
ECB Target
Inflation is 8.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €110.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 15.3% | +4.1 |
| February | 16.2% | +5.4 |
| March | 12.7% | -0.5 |
| April | 10.7% | -3.8 |
| May | 11.2% | -2.8 |
| June | 10.4% | -2.7 |
| July | 10.3% | -3.5 |
| August | 9.5% | -6.1 |
| September | 9.6% | -5.9 |
| October | 9.1% | -6.3 |
| November | 8.0% | -7.0 |
| December | 7.2% | -7.5 |
| Average | 10.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.