12:06, 08 июня 2022, Bishkek - 24.kg news agency , Tatyana KUDRYAVTSEVA
By the end of 2022 (December to December), inflation is expected to be around 15.5 percent, with an average annual inflation of 13.8 percent. The National Bank of Kyrgyzstan made such a forecast.
Inflation is expected to return to the medium-term target of 5-7 percent closer to 2024. The price growth forecast has been revised upward due to the unstable external economic situation.
«Russia and Ukraine are among the world’s major producers of agricultural commodities. Inflation forecasts include expectations of a decline in yields of major agricultural crops in Ukraine, as well as the consequences of sanctions pressure on the Russian economy. In June this year, in accordance with the resolution of the Cabinet of Ministers on the medium-term tariff policy, an increase in prices for electricity and hot water supply, as well as for heating is expected with the onset of the heating season 2022-2023. The forecast also takes into account a possible increase in excise taxes on alcoholic beverages and tobacco products in 2023,» the National Bank’s monetary policy report for the first quarter of 2022 says.