Bishkek, Nov. 30, 2021. / Kabar /. The current dynamics of consumer prices is influenced by various non-monetary shocks, the National Bank of Kyrgyzstan reported.
As of Nov. 19, inflation in annual terms was 12.1 percent, and since the beginning of 2021 prices have increased by 9.5 percent.
The main factors of the current growth of consumer prices in republic are stable growth of prices in the world food markets, increase in tariffs and regulated prices (increase in tariffs for public transport and electricity), as well as a significant increase in prices for fuels and lubricants, associated with the global trend of rising prices for energy resources.
"Amid the growing inflationary background and rising inflation expectations, the National Bank continued to tighten monetary conditions. In the money market, short-term interest rates followed the key rate and were formed within the interest rate corridor," the report runs.
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