Kazakhstan Inflation December 2018

Kazakhstan

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.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 6.0%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to decelerate and end 2020 at 5.4%.


Author:, Economist

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Kazakhstan Inflation December 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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