Kazakhstan: Inflation drops to a two-year low in February
Inflation came in at 9.3% in February, down from January’s 9.6%. February’s reading represented the lowest inflation rate since February 2022. According to the preliminary release, the moderation was chiefly driven by softer price pressures for food and non-food products. Conversely, services prices accelerated.
Accordingly, the trend pointed down, with annual average inflation coming in at a 17-month low of 12.7% in February (January: 13.6%).
Lastly, consumer prices rose 1.05% over the previous month in February, picking up from the 0.84% rise recorded in January. February’s result marked the highest reading since February 2023.