Producer prices in Kazakhstan increased 12.5 percent year-on-year in April of 2019, following an 11.2 percent gain in the previous month. It was the highest producer inflation rate since November 2018, as cost rose faster for manufacturing (9.0 percent vs 7.3 percent in March) and for mining & quarrying (17.7 percent vs 16.5 percent). On the other hand, prices fell for electricity, gas, steam & air conditioning supply (-7.5 percent vs -7.6 percent) and for water supply & sewerage (-0.5 percent vs 0.8 percent). On a monthly basis, producer prices increased 1.1 percent, easing from a 2.5 percent rise in the prior month. Producer Prices Change in Kazakhstan averaged 12.92 percent from 1999 until 2019, 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 23.30 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.