Kazakhstan: Inflation remains stable for the third consecutive month in December
January 3, 2019
Consumer prices rose 0.7% over the previous month in December, after a 0.9% month-on-month increase in November. While food prices rose by a bigger magnitude, prices for non-food products and paid services increased by a smaller degree. Prices for food and non-alcoholic beverages, and restaurants and hotels climbed the most, while prices for housing, water, electricity, gas and other fuels registered the biggest drop in prices.
Inflation remained at 5.3% for the third consecutive month in December—the lowest print since September 2015. Annual average inflation edged down to 6.0% in December, from 6.2% in November.
Author: Nihad Ahmed, Economist