CPI inflation in Kazakhstan slows to 4.5% y/y in June.

By bne IntelliNews July 2, 2013

CPI inflation slowed to 4.5% y/y in June, the State Stat Agency has informed. In Apr-May, CPI inflation stood at 4.6%, in March - at 4.7%, while in December-February it was above 5% y/y.

The deceleration of inflation in the summer months is typical due to seasonal factors. Still, this season inflation level is much higher than last year which is driven by higher prices for services.

Prices for food products increased by 2.8% y/y in June while for services they surged by 10.9% y/y. Prices for non-food products went up by 5.9% in the reported month. In m/m inflation made up 0.3%. Prices for food increased by 0.1% m/m, for non-food products - by 0.2% m/m and for services - by 0.5% m/m.

Prices for railway long-distance transportation wet up by 1% m/m, services in restaurants, hotels and sport facilitates grew by 0.7% while prices for health services grew by 0.4% m/m.

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