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Inflation in November 2021

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Seasonal increase of agricultural commodities prices in November was offset by a slowdown of paid services prices.  Monthly non-food prices in November being the same level as in October along with the slowing of services prices led to the stabilization of consumer inflation at the level of 0.7% mom. In annual terms, inflation slowed to 8.7% vs. 8.9% in September and October 2021. We expect a moderate rise in prices in December this year, which, combined with the “high base effect” at the end of last year, will lead to slowdown of inflation to 8.6% yoy.

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Team
Asan Kurmanbekov
Director of the Department
Arystan Baibatshayev
Analyst
Amir Aktanov
Chief Analyst
Alexander Shmyrov
Deputy Director of the Department
Danil Bondarets
Senior Analyst
Anna Dore
Senior Analyst
Igor Savchenko
Senior Analyst
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