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Economy / Kazakhstan

Macroeconomic Forecast Kazakhstan

October 2011 | Macroeconomic Forecasts

Kazakhstan's consumer price inflation slowed to 8.0% y-o-y in October, down from 8.7% y-o-y in September, and this is the first reading in 2011 to be within the monetary authorities target range of 6-8%. With price growth in year-on-year terms peaking in August, at 9.0% y-o-y, we expect inflationary pressures to continue to ease as global commodity prices continue to moderate into 2012 and hold to our end-2011 and end-2012 inflation forecasts of 8.0% y-o-y and 7.4%

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