Producer prices in Kazakhstan increased 12.4 percent year-on-year in December of 2018, slowing from a 24 percent rise in the previous month. It is the lowest producer inflation since January. Prices rose less for mining & quarrying (16.3 percent vs 37.4 percent in November); manufacturing (8.8 percent vs 10 percent) and electricity, gas, steam & air conditioning supply (1.5 percent vs 1.8 percent). In contrast, cost advanced faster for water supply & sewerage (4.9 percent vs 4.7 percent). On a monthly basis, producer prices went down 6.2 percent, compared to a 2.9 percent gain in the prior month. Producer Prices Change in Kazakhstan averaged 12.97 percent from 1999 until 2018, reaching an all time high of 71.70 percent in July of 2008 and a record low of -33.60 percent in July of 2009.
Producer Prices Change in Kazakhstan is expected to be 24.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Kazakhstan to stand at 19.20 in 12 months time. In the long-term, the Kazakhstan Producer Prices Change is projected to trend around 7.30 percent in 2020, according to our econometric models.