CPI inflation in Kazakhstan made up 5.9% y/y in July which means no change in comparison to June and May in y/y terms, according to the State Stat Agency data. In m/m terms, inflation stood at 0.2% in July. In H1, inflation made up 6.4% y/y and 2.8% ytd.
Services had the largest impact on inflation as prices in this group went up by 10.3% y/y and by 0.3% m/m. Prices for food products increased by 4.5% y/y and by 0.1% m/m and for non-food products by 3.1% y/y and by 0.1% m/m. Among food products, growth was seen in prices for beet (1.8% m/m), rice (1.6% m/m), carrot (1.5% m/m) and potatoes (1.3% m/m). On the other hand, prices went down for tomatoes (12.3% m/m), pepper (12.1% m/m), cucumbers (11.5% m/m), cabbage (5.8% y/y) and eggs (3.7% m/m). In groups of services, prices increased for transportation (0.9% m/m) and healthcare (0.4% m/m) as well as for hot water and wastewater disposal (1.1% m/m).
A Belgian court has lifted a freeze on Kazakh National Fund assets worth $21.5bn imposed as part of a dispute with Moldovan oligarch Anatolie Stati, the Kazakh justice ministry said on May 30. It ... more
Kazakhstan’s soon-to-be financial hub, Astana International Financial Centre (AIFC), is seeking exclusive rights on initial public offerings (IPOs) of the largest state-run ... more
The Moscow-led Eurasian Economic Union (EEU) and Iran have signed an interim free trade agreement (FTA), TASS reported on May 17. “The provisional agreement includes an initial list of goods, ... more