Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation in July remains stable from the previous month
Consumer prices rose 0.1% over the previous month in July, marking a smaller upturn than the 0.2% increase in June. Prices rose in 11 out of the 12 sub-components, came in flat for one category and fell for the remaining sub-component. Leisure and culture saw the biggest rise in prices. On the other hand, prices for education remained flat and prices for food and non-alcoholic beverages dropped the most.
Inflation came in at 5.9% in July, matching June’s revised print (previously reported: 5.2%), remaining above the mid-point of the Central Bank’s target range of 5.0%–7.0%. The reading marked the lowest print since October 2015. Annual average inflation inched down to 6.7% in July from 6.8% in June, which marked the lowest print in two-and-a-half years.
Met the why particular Consensus Forecast panelists expect inflation to end 2018 at 5.9%, which is down 0.2 percentage points from last month’s forecast. The panel expects inflation to end 2019 at 5.6%.
Kazakhstan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.8||6.7||6.6||14.7||7.4|
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Inflation Chart
Source: Agency of Statistics
|Exchange Rate||348.7||0.32 %||Aug 07|
|Stock Market||0.1||0.0 %||Aug 06|
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August 1, 2018
Consumer prices rose 0.1% over the previous month in July, marking a smaller upturn than the 0.2% increase in June.
July 18, 2018
The industrial sector lost pace in June, growing at a more moderate 4.2% year-on-year following a 6.4% annual expansion in the previous month.
July 13, 2018
A breakdown of GDP by expenditure released by Kazakhstan’s Statistical Institute on 13 July confirmed that the economy grew 4.1% year-on-year in the January–March 2018 period, slightly up from the 4.0% expansion in the January–December period of last year.
July 9, 2018
At its 9 July monetary policy meeting, the National Bank of Kazakhstan kept the base rate unchanged at 9.00%, with a corridor of plus or minus 1.0%, putting an end to the easing cycle that preceded the decision to hold fire.
July 2, 2018
Consumer prices increased 0.2% over the previous month in June, mirroring the reading observed in May.