Kazakhstan: Inflation edges down in April
May 3, 2018
Consumer prices increased 0.4% over the previous month in April, down from the 0.5% rise recorded in March. Prices increased across all sub-components, but at a weaker pace than in March. Prices for food and non-food products all rose by much less over the prior month in April, while the increase in prices for paid services matched the previous month’s figure.
Inflation inched down to 6.5% in April from 6.6% in March, remaining within the Central Bank’s target range of 5.0%–7.0%. Meanwhile, annual average inflation was steady at 7.1% in April—the lowest figure in over two years.
Kazakhstan Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 5.9%, which is down 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2019 at 5.5%.
Author: Lindsey Ice, Economist