Kazakhstan: Inflation comes in at highest level since December 2016 in July
August 2, 2021
Consumer prices increased 0.67% over the previous month in July, coming in below the 1.10% increase seen in June. July's result marked the softest rise in prices since March. The slowdown was largely driven by a more moderate increase in prices for foodstuffs. In addition, price pressures for non-food goods softened.
Inflation increased to 8.4% in July, following June’s 7.9%. July's figure represented the highest inflation rate since December 2016. Annual average inflation ticked up to 7.4% in July (June: 7.2%).
Author: Frederico Teixeira de Abreu, Junior Economist