Kazakhstan Inflation May 2020


Kazakhstan: Inflation broadly stable in May

June 1, 2020

Consumer prices increased 0.5% month-on-month in May, below April’s 0.9% rise. Behind the moderation was a softer rise in food prices and a drop in services prices.

Inflation was broadly unchanged in May, coming in at 6.7% (April: 6.8%). April’s reading had marked the highest print since January 2018. Meanwhile, annual average inflation edged up to 5.8% in May from April’s 5.7%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 8.6%, which is unchanged from last month’s forecast. The panel expects inflation to end 2021 at 6.1%.

Author: Angela Bouzanis, Lead Economist

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