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.

Related Articles

Kazakh judge jails former rising star minister for 10 years after corruption trial

A Kazakh court on March 14 sentenced former Kazakh Economy Minister Kuandyk Bishimbayev to 10 years in prison after he was found guilty of bribery and embezzlement.  Judge Adilkhan ... more

Iran could join Moscow-led EEU by May says Russian minister

Russia’s Energy Minister Aleksander Novak has said Iran could join the Eurasian Economic Union (EEU) by May, RT reported on March 10. Tehran has repeatedly lobbied Moscow over the past year to ... more

Moldovan businessman Stati threatens to ask bailiffs to sell Kazakh Kashagan stake in legal battle

Moldovan businessman Anatolie Stati’s spokeswoman said on January 9 that Stati will ask bailiffs to sell a $5.2bn stake in the Kashagan oil field owned by Kazakh sovereign ... more