Kazakhstan Inflation March 2018


Kazakhstan: Inflation inches up in March

April 2, 2018

Consumer prices increased 0.5% over the previous month in March, following a 0.7% month-on-month rise in February. There was an increase in all three major sub-components. While the upturn in prices for food and non-food products mirrored the previous month’s figures, prices for paid services rose by much less over the preceding month in March compared to February.

Inflation inched up to 6.6% in March from February’s over two-year low of 6.5%. It remains within the Central Bank’s target range of 5.0%–7.0%. Annual average inflation continued to fall, dropping to 7.1% in March from 7.2% in February—the lowest in over two years.

FocusEconomics Consensus Forecast panelists expect inflation to end 2018 at 6.0%, which is down 0.3 percentage points from last month’s forecast. The panel expects inflation to end of 2019 at 5.5%.


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Kazakhstan Inflation Chart

Kazakhstan Inflation March 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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