Kazakhstan Inflation August 2022


Kazakhstan: Inflation comes in at highest level since September 2016 in August

September 5, 2022

Consumer prices increased 1.40% in August over the previous month, accelerating from the 1.10% increase logged in July. Looking at the details of the release, prices for services and non-food goods rose at a quicker pace in August. In contrast, prices for food rose at a steady pace in August.

Inflation rose to 16.1% in August from July’s 15.0%. August's figure was the highest inflation rate since September 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 11.4% in August (July: 10.8%).

FocusEconomics panelists see inflation averaging 12.6% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, inflation is seen averaging 9.5%.

Author:, Research Team Manager

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Kazakhstan Inflation Chart

Kazakhstan Inflation June 2022

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

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