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 coal miners' strike in north-central Kazakhstan has spread to more mines with 684 workers spending two nights across eight coal mines in Qaraghandy Region refusing to ... more
Kazakhstan’s Bank of Astana (Astana Banki) plans to conduct a secondary offering of shares (SPO) on the Moscow Stock Exchange, RNS news agency reported last week. Bidding will begin on December 14. ... more
Kyrgyzstan is to withdraw its complaint filed with the World Trade Organization (WTO) over Kazakhstan’s moves to tighten controls on the Kazakh-Kyrgyz border introduced in ... more