Eurasia / Data
Kyrgyz consumer prices up 14% y/y in August
High inflation continued amid a visible path to economic recovery.
Kazakh annual CPI inflation at 8.7% in August
Price growth driven by annual food inflation, which stood at 11.4%.
Kazakh retail sales up 7.2% y/y in Jan-July
Kazakh retail sales jumped by 7.2% y/y in January-July, reaching a value of Kazakhstani tenge (KZT) 6,482.8bn ($15.28bn), according to latest data published by Kazakhstan's State Statistics Committee.
Chunky inflation growth takes Georgia’s headline rate to 11.9% y/y in July
Arguments in favour of a rate hike have accumulated.
RenCap raises year-end interest rate forecasts for Ukraine, Belarus and Armenia
Investment bank Renaissance Capital says central banks in the region have been more hawkish than expected, following a series of rate hikes.
Georgia’s June domestic exports expand 18.5% versus two years ago
Against first half of 2020, exports, at $1.38bn, rose by 27.8% y/y and, more importantly when it comes to the long-term trend, grew 24.2% compared to 1H 2019.
Kyrgyz economy contracts by 1.7% in H1
Trend, however, suggests economic recovery may be taking hold.
Georgia's foreign trade in first half up 21.3% y/y
Georgia's foreign trade turnover recovered to pre-coronavirus crisis levels in Jan-Jun this year. The trade deficit was slightly smaller, yet amounted to 15% of full-year GDP.
Kazakh annual CPI inflation at 7.9% in June
Analysts predict bank could intervene in second half to bring inflation closer to its 4-6% target corridor.
Georgia’s headline inflation soars to 9.9% y/y in June
Georgia’s consumer price inflation came in at 9.9% year on year in June, a major 2.2pp rise from 7.7% y/y in the previous month, according to Geostat.
Under half of emerging Europe economies to achieve full recovery in 2021
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
