Kazakhstan: Inflation in July remains stable from the previous month
August 1, 2018
Consumer prices rose 0.1% over the previous month in July, marking a smaller upturn than the 0.2% increase in June. Prices rose in 10 out of the 12 sub-components, came in flat for one category and fell for the remaining sub-component. Leisure and culture saw the biggest rise in prices. On the other hand, prices for education remained flat and prices for food and non-alcoholic beverages dropped the most.
Inflation came in at 5.9% in July, matching June’s revised print (previously reported: 5.2%), remaining above the mid-point of the Central Bank’s target range of 5.0%–7.0%. The reading marked the lowest print since October 2015. Annual average inflation inched down to 6.7% in July from 6.8% in June, which marked the lowest print in two-and-a-half years.
Author: Nihad Ahmed, Economist