Consumer Prices and Tariffs Decrease Observed in Kyrgyzstan

Publication Date: 16/09/2024 In August 2024, compared to the previous month, a decrease in consumer prices and tariffs was observed in Kyrgyzstan by 0.3% and in Belarus by 0.1%. In the other member states of the Eurasian Economic Union (EAEU), there was an increase in consumer prices and tariffs. Consumer Sector Inflation Rates in EAEU Member States (%, increase +; decrease-) August vs. July of the current year August vs. December of the previous year Average monthly growth (decline) rate in August           2023      2024      2023      2024      2023      2024 Armenia     0.1     0.1     -3.2     -1.2     -0.4      -0.1 Belarus     -0.3   -0.1     2.9     3.3      0.4     0.4 Kazakhstan  0.7     0.6     6.6     5.3      0.8     0.7 Kyrgyzstan  0.0     -0.3   5.5      2.0      0.7     0.3 Russia        0.3     0.2     3.7     5.3      0.5     0.6 * Based on data from statistical services. In August 2024, compared to December 2023, the highest inflation rates in the consumer sector were recorded in Russia and Kazakhstan, both at 5.3%. This increase was primarily driven by a rise in prices for non-food products (5.0% in Kazakhstan) and service tariffs (9.1% in Russia). Inflation Levels in EAEU Member States' Consumer Sectors by Goods and Services Groups in August 2024 (%, increase +; decrease-) All goods and services including Food Products1 Non-food Products Services Compared to the previous month Armenia     0.1     -0.9     -0.6     0.7 Belarus     -0.1     0.4     0.6     2.9 Kazakhstan  0.6     0.0     0.8     1.1 Kyrgyzstan  -0.3   -0.9     0.4     0.8 Russia        0.2     0.0     0.6     0.0 Compared to December of the previous year Armenia      -1.2   -2.9     -3.2     2.3 Belarus        3.3     4.2      2.8     9.1 Kazakhstan   5.3     2.9      5.0     8.9 Kyrgyzstan    2.0     1.0      2.8     4.4 Russia          5.3     4.1      3.4     9.1 * Based on data from statistical services. 1 Including alcoholic beverages and tobacco products. ___________________________________________________________________________________ Price Statistics Department | e-mail: ceny@stat.kg; | tel. + 996 (312) 625825; 324705 Users of official statistical data and related metadata are required to reference their source (Art. 30 of the Law of the Kyrgyz Republic "On Official Statistics"). Last updated: 16/09/2024, 16:24 Print Version