Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation steady in July
Consumer prices rose 0.2% over the previous month in July, matching June’s result. July’s print reflected softer price increases for food and non-food goods, and faster price increases for services.
Inflation remained unchanged at June’s 5.4%, remaining within the Bank’s 4.0%–6.0% target band. Lastly, annual average inflation inched down to 5.3% in July from 5.4% a month prior.
FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 5.5%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2020 at 5.2%.
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 | 384.4 | 0.32 % | Jul 31 |
| Stock Market | 0.1 | 0.0 % | Jul 22 |
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Economic News
Kazakhstan: Industrial production slows in July
August 15, 2019
Industrial production grew 3.2% in July, down from June’s 5.9% which had marked an over-year high.
Kazakhstan: Inflation steady in July
August 1, 2019
Consumer prices rose 0.2% over the previous month in July, matching June’s result.
Kazakhstan: Industrial sector grows at the fastest pace in 13-months in June
July 15, 2019
Industrial production grew 5.9% in June, the highest reading in over a year and rebounding from May’s 1.6% contraction.
Kazakhstan: Growth decelerates in January–March on weaker external demand
July 15, 2019
A breakdown of GDP by expenditure released by Kazakhstan’s Statistical Institute (SARK) confirmed that the economy grew 3.8% year-on-year in January–March, decelerating from the 4.1% expansion recorded in January–December 2018. Ebbing global momentum and volatility in commodity markets appear to have taken its toll on the external sector.
Kazakhstan: Central Bank stays put in July
July 15, 2019
At its latest monetary policy meeting on 15 July, the National Bank of Kazakhstan held the base rate at 9.00%, with an interest rate corridor of plus or minus 1.0 percentage point.
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