Kazakhstan: Inflation increases slightly in September
October 2, 2017
Consumer prices rose 0.3% over the previous month in September, up from the 0.1% month-on-month increase recorded in August. September’s result mainly reflected a 1.3% increase in the prices of non-food products, which more than offset a 0.5% decrease in the prices of foodstuffs.
Inflation inched up from 7.0% in August to 7.1% in September. September’s inflation result marked the first rise in inflation since June 2016.
Despite September’s uptick, inflation should ease in 2018 as the economy adjusts to an increasingly stable exchange rate and inflation expectations fall. Annual average inflation fell from 8.8% in August to 8.0% in September, which was the lowest result since March 2016.
Author: Edward Gardner, Economist