Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation remains stable for the third consecutive month in December
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%.
Kazakhstan - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 5.8 | 6.7 | 6.6 | 14.7 | 7.4 |
Kazakhstan Inflation Chart
Source: Agency of Statistics
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 378.1 | 0.32 % | Jan 16 |
| Stock Market | 0.1 | 0.0 % | Jan 16 |
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Economic News
Kazakhstan: Industrial production growth declines to the lowest in 27 months
January 16, 2019
The industrial sector slowed markedly in December, with output rising at an annual pace of 0.1% in the month, following a 2.3% year-on-year expansion in November.
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.
Kazakhstan: Growth edges down in the third quarter
December 29, 2018
A detailed breakdown of GDP by expenditure confirmed that the economy lost some steam in the second half of the year, growing 4.1% year-on-year in January–September, following a 4.2% expansion in January–June.
Kazakhstan: Industrial production growth continues to lose steam in November
December 17, 2018
The industrial sector continued to lose pace in November, with output growing at a weaker annual pace of 2.3% in the month, following a 4.2% year-on-year expansion in October. Looking at a breakdown of the sub-sectors, the deterioration in November was primarily due to a marked slowdown in the manufacturing sector—which grew at the slowest pace since October 2016—and a swing from expansion to contraction in the water supply, sewerage system and waste management sector.
Kazakhstan: Inflation remains stable in November
December 4, 2018
Consumer prices increased 0.9% over the previous month in November, following a 0.4% month-on-month rise in October.
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