Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation falls in November
Consumer prices rose 0.7% over the previous month in November, slightly up from October’s 0.6% increase. Higher prices for food, as well as rising prices for non-food products and services drove the monthly increase.
Inflation receded to 5.4% in November from October’s 5.5%, while annual average inflation came in at 5.2%, matching the result from a month prior.
FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 5.3%, which is down 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2021 at 5.1%.
Kazakhstan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.8||6.7||6.6||14.7||7.4|
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Inflation Chart
Source: Agency of Statistics
|Exchange Rate||386.0||0.32 %||Nov 21|
|Stock Market||0.1||0.0 %||Nov 20|
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December 9, 2019
At its latest monetary policy meeting on 9 December, the National Bank of Kazakhstan left the base rate at 9.25%, keeping an interest rate corridor of plus or minus 1.0 percentage point.
December 3, 2019
Consumer prices rose 0.7% over the previous month in November, slightly up from October’s 0.6% increase.
November 18, 2019
Economic growth edged up to 4.3% year-on-year in the third quarter, up from Q2’s 4.1% expansion and marking the fastest expansion since Q3 2017, according to a preliminary estimate released by Kazakhstan’s Statistical Institute (SARK) on 18 November. While a detailed breakdown has to be released, an acceleration in industrial, construction, and services activity underpinned the upturn in growth.
November 15, 2019
Industrial production growth jumped to 5.4% on an annual basis in October after slowing to 3.7% in September.
November 1, 2019
Consumer prices rose 0.6% over the previous month in October, up from September’s 0.3% increase.