Kazakhstan Inflation August 2018


Kazakhstan: Inflation inches up in August

August 3, 2018

Consumer prices rose 0.2% over the previous month in August, marking a slightly larger rise than the 0.1% increase in July. Prices rose nearly across the board, with only prices for food and non-alcoholic beverages decreasing in the month.

Inflation came in at 6.0% in August, slightly above July’s 5.9%. Inflation is at the mid-point of the Central Bank’s target range of 5.0%–7.0%. Annual average inflation inched down to 6.6% in August from 6.7% in July, which marked the lowest print since December 2015.

FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 6.1%, which is up 0.2 percentage points from last month’s forecast. The panel expects inflation to end 2019 at 5.6%.


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Kazakhstan Inflation Chart

Kazakhstan Inflation August 2018

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

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