Kazakhstan Inflation October 2022

Kazakhstan

Kazakhstan: Inflation comes in at highest level since August 2008 in October

November 1, 2022

Inflation rose to 18.8% in October, above September’s 17.7%. October's result marked the highest inflation rate since August 2008. Looking at the details of the release, inflation was broad-based; prices for food, housing and utilities as well as clothing rose at a faster rate in October.

Annual average inflation rose to 13.1% in October (September: 12.2%). Lastly, consumer prices increased 1.60% from the previous month in October, a smaller increase than the 1.79% rise recorded in September.

FocusEconomics panelists see inflation averaging 10.1% in 2023, which is down 0.3 percentage points from last month’s forecast. For 2024, inflation is seen averaging 6.8%.


Author:, Junior Economist

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Kazakhstan Inflation October 2022 1

Note: Month-on-month changes and annual variation of consumer price index in %.
Source: Republic of Kazakhstan Agency of Statistics.


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