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.
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more
A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he ... more
Kazakh President Nursultan Nazarbayev signed into law on July 11 a measure allowing only Kazakh citizens with at least five years of experience at government posts to register ... more