Macro Analysis /

Kazakhstan: Headline CPI inflation climbs to 8.7% y/y in August

    1 September 2021
    • Food inflation higher at 11.4% y/y despite seasonal price drop
    • Non-food inflation stable amid COVID-19 spike and deceleration of transport prices
    • Services inflation climbs to 6.6% y/y due to gradual effect of tariff hikes
    • Inflationary tendencies likely to prevail in near term, rate hike expected in September