Kazakhstan: Inflation falls sharply in October
November 1, 2018
Consumer prices rose 0.4% over the previous month in October, matching September’s reading. All but one of the sub-components recorded higher prices, with clothing and footwear, and communications recording the biggest upturns. Meanwhile, prices for housing, water, gas, electricity, and other fuels dipped from the previous month.
Inflation slid to 5.3% in October, down from 6.1% in September—the lowest reading since September 2015. Annual average inflation edged down to a nearly two-year low, from 6.6% in September to 6.4% in October
Author: Nihad Ahmed, Economist