CPI inflation in Kazakhstan slows to 5.8% y/y in August.

By bne IntelliNews September 2, 2013

CPI inflation slowed to 5.8% y/y in August after 5.9% y/y posted in May-Jul and 6.4% seen in April, the State Stat Agency has reported. In m/m terms, inflation made up 0.2% in the reported month.

Prices for services remain the main drivers of inflation as they grew by 0.5% m/m and by 10.5% y/y. Prices for non-food products went up by 0.3% m/m and by 3.1% y/y. On the other hand, prices for food products remained at the same level as in July but increased in y/y terms by 4.3%. Seasonal factors are behind flat food prices.

According to the agency, prices for vegetables decreased by 5.6% m/m and for fruits by 0.9% m/m. On the other hand, among services, prices grew for train communication – by 1.5% m/m, sport and recreational services – by 0.8% m/, restaurants and hotels – by 0.4% m/m, health services – by 0.3% m/m.

Inflation rate remains below the expectation of the government which assumes 6-8% inflation this year. Still, after exclusion of the seasonal factors in summer, inflation is likely to match the planned corridor in the end of the year.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Belgian court unfreezes $21.5bn of Kazakh assets in dispute with Moldovan oligarch Stati

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

Astana International Financial Centre seeks exclusive IPO rights for largest state companies

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

EEU, Iran sign interim free trade agreement in Astana

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

Most Read

  1. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    5 days ago
  2. Denmark remains last to approve Russia's Nord Stream 2, Sweden finds "no reason" to ban the pipeline
    6 days ago
  3. Erdogan raises a white flag in the lira crisis
    21 days ago
  4. Irish tech titan lines up stake in Slovak AI firm
    1 day ago
  5. The grain harvest outlook for Russia, Ukraine under threat due to drought
    6 days ago
  1. KRUK REPORT: The unbearable lightness of being alive
    19 days ago
  2. Sberbank oil analyst Alex Fak fired for being openly critical of state-owned gas giant Gazprom
    27 days ago
  3. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    5 days ago
  4. Gazprom insider pipeline deals for Putin cronies worth $93bn, analysts claim
    28 days ago
  5. COMMENT: Russia’s oil giant Rosneft just crossed one of China’s red lines in Vietnam
    14 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss