Kazakhstan Inflation June 2021

Kazakhstan

Kazakhstan: Inflation comes in at highest level since January 2017 in June

July 1, 2021

Consumer prices rose 1.10% in June over the previous month, picking up from May's 0.71% rise. June's figure marked the sharpest increase in prices since October 2017. The result was driven by rising prices for foodstuffs and non-food goods.

Inflation rose to 7.9% in June, above May’s 7.2%. June's result represented the highest inflation rate since January 2017. Meanwhile, the trend was unchanged, with annual average inflation coming in at May’s 7.2% in June.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 6.3%, which is up 0.2 percentage points from last month’s forecast. The panel expects inflation to end 2022 at 5.5%.


Author:, Junior Economist

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Kazakhstan Inflation June 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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