Kazakhstan: Inflation drops to lowest level since July in December
January 1, 2022
Consumer prices increased 0.60% over the previous month in December, slowing down from the 0.75% rise logged in November. December's result marked the weakest reading since September. The cooling of price pressures was primarily due to softer growth in prices for foodstuffs. In addition, price pressures for non-food goods grew at a slower pace.
Inflation came in at 8.4% in December, down from November’s 8.7%. December's reading marked the weakest inflation rate since July. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 8.0% in December (November: 7.9%).
Author: Frederico Teixeira de Abreu, Junior Economist