Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation edges down in May
Consumer prices rose 0.2% over the previous month in May, down from the 0.4% month-on-month increase registered in April. Prices increased in 8 out of the 12 sub-components, came in flat for three and declined for one. Clothing and footwear registered the biggest upturn in prices, while transport was the only category that recorded lower prices. Food and non-alcoholic beverages; housing, water, electricity, gas and other fuels; and education were the components that registered flat prices from the previous month.
Inflation edged down to 6.2% in May from 6.5% in April, remaining close to the mid-point of the Central Bank’s target range of 5.0%–7.0%. Annual average inflation inched down to 7.0% in May from 7.1% in April, which marked the lowest figure in over two years.
Met the why particular Consensus Forecast panelists expect inflation to end 2018 at 5.9%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2019 at 5.5%.
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||335.9||0.32 %||Jun 14|
|Stock Market||0.1||0.0 %||Jun 13|
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June 4, 2018
At its 4 June monetary policy meeting, the National Bank of Kazakhstan opted to cut the base rate by 25 basis points to 9.00% with a corridor of plus or minus 1.0%.
June 1, 2018
Consumer prices rose 0.2% over the previous month in May, down from the 0.4% month-on-month increase registered in April.
May 16, 2018
Annual growth in industrial production edged down to 4.5% in April, following an expansion of 4.7% in March.
May 3, 2018
Consumer prices increased 0.4% over the previous month in April, down from the 0.5% rise recorded in March.
April 18, 2018
Industrial production growth eased substantially to 4.7% year-on-year in March, following a 6.1% expansion in February.