Kazakhstan: Inflation moderates in March
Inflation came in at 9.1% in March, which was down from February’s 9.3%. March’s figure marked the weakest inflation rate since February 2022. According to the preliminary release, the moderation was chiefly driven by softer price pressures for food and non-food products. Conversely, services prices accelerated.
Accordingly, the trend pointed down, with annual average inflation coming in at a 19-month low of 11.9% in March (February: 12.7%).
Finally, consumer prices rose 0.73% over the previous month in March, which was below February’s 1.04% rise. March’s result marked the weakest reading since October 2023.