Kazakhstan 2016 Inflation Slows To 8.5 Pct Year-on-Year

Kazakhstan: Forecast And Realities In Economic Development

Jan 4 Inflation in Kazakhstan slowed to 8.5 percent in 2016 from 13.6 percent in 2015, the Statistics Committee said on Wednesday.

Inflation in December slowed to 0.9 percent from 1.2 percent in November, the committee said.

Inflation Rate in Kazakhstan is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Kazakhstan to stand at 6.70 in 12 months time. In the long-term, the Kazakhstan Inflation Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.

Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Inflation Rate 8.5 7.8 7.3 6.9 6.7 4.7 percent
Kazakhstan Inflation Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Kazakhstan Inflation Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for – Kazakhstan Inflation Rate – was last predicted on Wednesday, January 4, 2017.
Kazakhstan Prices Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 8.5 7.8 7.3 6.9 6.7 4.7
Consumer Price Index CPI 660 682 690 694 711 831
Core Inflation Rate 9.58 8.5 8 7.9 7.2 5.3
Producer Prices 874 871 854 845 845 848
Producer Prices Change 15.5 9.26 6.47 6.68 8.25 9.94
Food Inflation 9.7 6.9 6.2 5.8 5.3 3.8
Import Prices 101 100 100 100 100 100
Inflation Rate Mom 0.9 0.6 0.3 0.1 1 0.5
GDP Deflator 99.1 106 100 94.67 89 65.27
Export Prices 99.9 101 101 101 101 101
Cpi Transportation 106 107 106 106 105 103
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