Kazakhstan: Inflation comes in at highest level since September 2016 in May
Consumer prices increased 1.4% over the previous month in May, a smaller increase than the 2.02% increase recorded in April. The slowdown was primarily driven by slower growth in prices for foodstuffs as well as easing price pressures for non-food goods.
Inflation came in at 14.0% in May, which was up from March’s 13.2%. May’s reading marked the highest inflation rate since September 2016. Annual average inflation rose to 9.7% in May (April: 9.2%).