Kazakhstan Inflation

Kazakhstan

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.

FocusEconomics Consensus Forecast panelists see that inflation will rise in the coming months. Analysts see inflation at 4.9% at the end of 2015. This month’s forecast is down 1.0 percentage points over the previous month’s Consensus. For 2016, the panel expects inflation to end the year at 6.2%.


Author:, Senior Economist

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Kazakhstan Inflation July 2015

Note: Month-on-month changes and annual variation of consumer price index in %.
Source: Republic of Kazakhstan Agency of Statistics.


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