Kazakhstan: Inflation stabilizes at lowest level in over a decade in July
August 3, 2015
In July, consumer prices rose 0.1% over the previous month, which contrasted the 0.1% decrease observed in June. The monthly increase reflected higher prices for alcoholic beverages as well as for housing and energy. Conversely, food prices continued to decline in July.
As a result of the monthly rise, headline inflation in July stabilized at June’s 3.9%. The print represents the lowest inflation rate in 16 years.
As inflationary pressures are fading, the inflation trend continues the downward trajectory in place since December 2014. Annual average inflation fell from 6.3% in June to 6.0% in July.
Author: Ricardo Aceves, Senior Economist