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
|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||378.4||0.32 %||Mar 20|
|Stock Market||0.1||0.0 %||Mar 19|
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March 15, 2019
The industrial sector accelerated in February for the second consecutive month, following a notable slowdown in December.
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.
March 1, 2019
Consumer prices rose 0.3% over the previous month in February, following a 0.5% month-on-month increase in January.
February 19, 2019
The industrial sector regained some lost ground in January following a marked slowdown in December.
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.