Kazakhstan: Inflation comes in at highest level since November 2021 in January
Consumer prices rose 0.70% in January over the previous month, picking up from the 0.61% rise recorded in December. Looking at the details of the release, services prices rose at a quicker pace in January compared to the previous month, while price pressures for non-food goods eased.
Inflation inched up to 8.5% in January from December’s 8.4%. January’s reading was the highest inflation rate since November 2021. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 8.1% in January (December: 8.0%).