Kazakhstan: Inflation comes in at highest level since September 2016 in July
August 1, 2022
Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June. July's result marked the softest rise in prices since February. The moderation was primarily due to slower growth in prices for foodstuffs. In addition, price pressures for non-food goods grew at a softer pace.
Inflation came in at 15.0% in July, which was up from June’s 14.5%. July's result represented the highest inflation rate since September 2016. Annual average inflation rose to 10.8% in July (June: 10.2%).