Kazakhstan Inflation January 2017

Kazakhstan

Kazakhstan: Inflation drops to over two-year low in January

February 2, 2018

Consumer prices climbed 0.6% over the previous month in January, a marginally smaller increase than the 0.7% month-on-month rise in December. Both food and non-food products rose at a slower pace compared to the previous month, offsetting a bigger upturn in prices for paid services.

Inflation dropped to 6.8% in January (December: 7.1%), which marked the lowest reading since September 2015. Annual average inflation inched down to a two-year low of 7.3% in January from 7.4% in December.

In 2018, the Central Bank expects inflation to stay within its 5.0%–7.0% target band. FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 6.2%, which is unchanged from last month’s forecast. The panel expects inflation to fall to 5.7% by the end of 2019.


Author:, Economist

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Kazakhstan Inflation January 2017

Note: Month-on-month changes and annual variation of consumer price index in %.
Source: Republic of Kazakhstan Agency of Statistics.


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