Kazakhstan: Inflation comes in at highest level since January 2017 in June
July 1, 2021
Consumer prices rose 1.10% in June over the previous month, picking up from May's 0.71% rise. June's figure marked the sharpest increase in prices since October 2017. The result was driven by rising prices for foodstuffs and non-food goods.
Inflation rose to 7.9% in June, above May’s 7.2%. June's result represented the highest inflation rate since January 2017. Meanwhile, the trend was unchanged, with annual average inflation coming in at May’s 7.2% in June.
Author: Frederico Teixeira de Abreu, Junior Economist