Kazakhstan Inflation July 2021

Kazakhstan

Kazakhstan: Inflation comes in at highest level since December 2016 in July

August 2, 2021

Consumer prices increased 0.67% over the previous month in July, coming in below the 1.10% increase seen in June. July's result marked the softest rise in prices since March. The slowdown was largely driven by a more moderate increase in prices for foodstuffs. In addition, price pressures for non-food goods softened.

Inflation increased to 8.4% in July, following June’s 7.9%. July's figure represented the highest inflation rate since December 2016. Annual average inflation ticked up to 7.4% in July (June: 7.2%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 6.9%, which is up 0.3 percentage points from last month’s forecast. The panel expects inflation to end 2022 at 5.6%.


Author:, Junior Economist

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Kazakhstan Inflation July 2021

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


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