Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation falls to the lowest in over three years
Consumer prices rose 0.3% over the previous month in February, following a 0.5% month-on-month increase in January. The reading reflected higher prices for food, stable prices for non-food items and lower prices for services. Looking at a more detailed breakdown of the sub-components, food and non-alcoholic beverages recorded the biggest upturn in prices, while the cost of housing, water, electricity, gas and other fuels declined—the only category to see a drop in prices. Meanwhile, education was the only sub-component to see prices unchanged from the previous month.
Inflation continued to decline in February, falling to 4.8% from 5.2% in January, owing to lower fuel costs. February’s print was the lowest since September 2015. Annual average inflation also fell, inching down to 5.8% in February from 5.9% in January.
Kazakhstan Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 6.0%, which is unchanged from last month’s forecast. The panel expects inflation to decelerate and end 2020 at 5.3%.
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 | 378.4 | 0.32 % | Mar 20 |
| Stock Market | 0.1 | 0.0 % | Mar 19 |
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Economic News
Kazakhstan: Industrial sector accelerates again in February
March 15, 2019
The industrial sector accelerated in February for the second consecutive month, following a notable slowdown in December.
Kazakhstan: Central Bank maintains the rate at 9.25%
March 4, 2019
At its 4 March monetary policy meeting, the National Bank of Kazakhstan held the base rate at 9.25%, with an interest rate corridor of plus or minus 1.0 percentage point. The Bank’s decision to hold the rate steady came against the backdrop of declining inflationary pressures.
Kazakhstan: Inflation falls to the lowest in over three years
March 1, 2019
Consumer prices rose 0.3% over the previous month in February, following a 0.5% month-on-month increase in January.
Kazakhstan: Industrial production growth picks up at the outset of the new year
February 19, 2019
The industrial sector regained some lost ground in January following a marked slowdown in December.
Kazakhstan: Economy maintains a strong pace of expansion in Q4 2018
February 15, 2019
The latest national accounts data revealed that the economy sustained a robust pace of expansion in the final quarter of last year, thanks to a buoyant oil sector and solid non-oil activities.
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