Inflation in Kazakhstan in 2018 is projected in the corridor of 5-7%, said the chairman of the National Bank of Kazakhstan Daniyar Akishev during a press conference on January 25.
He added that in 2017 annual inflation amounted to 7.1%, which corresponded to the initial target corridor (6-8% for 2017).
“Slowing of the inflation took place within predictable and adapted monetary policy of the National Bank and a stable situation in the world commodity and food markets,” Akishev explained.
The head of the National Bank stressed that a significant slowdown in inflation was indicated by the core inflation measure, without taking into account the volatile components.
Over the past year, this indicator fell from 8.9% to 6.2%.
“According to the results of the population survey in December 2017, the quantitative assessment of inflationary expectations for the year ahead fell to 7.1%,” Akishev said. (Trend/Business World Magazine)