Kazakhstan Inflation May 2019

Kazakhstan

Kazakhstan: Inflation climbs in May, led by higher food prices

June 3, 2019

Consumer prices rose 0.6% over the previous month in May, slightly above April’s 0.5% month-on-month upturn. May’s print was led by higher food prices, along with a marginal rise in the costs of non-food products and services.

A detailed breakdown shows that prices for alcoholic beverages and tobacco products rose by the biggest magnitude, followed by leisure and culture, and clothing and footwear.

Meanwhile, inflation climbed to 5.3% in May from 4.9% in April, but remained within the Bank’s 4.0%–6.0% target band. Lastly, annual average inflation inched down to 5.4% in May from 5.5% in April.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 5.5%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2020 at 5.2%.


Author:, Economist

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Kazakhstan Inflation May 2019

Note: Month-on-month changes and annual variation of consumer price index in %.
Source: Republic of Kazakhstan Agency of Statistics.


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