CPI inflation in Kazakhstan makes up 5.9% y/y in July.

By bne IntelliNews August 2, 2013

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).

Related Articles

Controversial Czech company threatens Kyrgyzstan with arbitration for loss of hydro contracts

Czech company Liglass Trading has threatened Kyrgyzstan with international arbitration for the annulling of contracts to build and run 12 hydroelectric power plants, Reuters ... more

Kazakh president’s meeting with Kyrgyz presidential candidate raises controversy

Kazakh President Nursultan Nazarbayev on September 19 caused a stir by meeting with a leading Kyrgyz presidential candidate, Omurbek Babanov, ahead of the Kyrgyz elections scheduled for October 15. ... more

Kazakhstan to issue Islamic bonds worth $300mn in 2018

Kazakhstan will issue Islamic bonds, or Sukuk, worth $300mn in 2018, the Astana Times reported on September 15 citing Kazakh president Nursultan Nazarbayev’s ... more