Kazakhstan: Inflation drops for the third consecutive month in June
Consumer prices increased 0.2% over the previous month in June, mirroring the reading observed in May. There was an upturn in the prices of 10 out of the 12 sub-components, while the remaining two registered a drop in prices. Leisure and culture recorded the biggest rise in prices, while food and non-alcoholic beverages, and housing, water, electricity, gas and other fuels were the two categories that saw a decline in prices from the previous month.
Inflation edged down to an 11-month low of 5.9% in June from 6.2% in May, remaining close to the mid-point of the Central Bank’s target range of 5.0%–7.0%. Annual average inflation edged down to 6.8% in June from 7.0% in May, which marked the lowest print in two-and-a-half years.