business and economy

Kazakhstan reports 1.2 percent inflation in June

By SRI ⋅ July 2, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

(Silk Road Intelligencer) - Inflation in Kazakhstan was 1.2 percent in June and 5.7 percent since January, the state statistics agency announced on Tuesday.

In June prices for foodstuffs climbed 1.8 percent (8.1 percent year-to-date), non-food commodities rose 0.8 percent (3.8 percent ytd), and services increased 0.8 percent (4.2 percent ytd), it said.

The year-on-year inflation (June 2007 vs. June 2008) totaled 20 percent with prices for foodstuffs up 29.3 percent, non-food commodities up 11.6 percent and services up 15 percent, the agency said.

The National Bank forecasts annual inflation at 7.9-9.9 percent in 2008, and 7.5-9.5 percent in 2009.

Related articles

• No Related Post