Kazakhstan Inflation July 2022

Kazakhstan

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

August 1, 2022

Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June. July's result marked the softest rise in prices since February. The moderation was primarily due to slower growth in prices for foodstuffs. In addition, price pressures for non-food goods grew at a softer pace.

Inflation came in at 15.0% in July, which was up from June’s 14.5%. July's result represented the highest inflation rate since September 2016. Annual average inflation rose to 10.8% in July (June: 10.2%).

FocusEconomics panelists see inflation averaging 12.5% in 2022, which is up 0.3 percentage points from last month’s forecast. For 2023, inflation is seen averaging 9.3%.


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Kazakhstan Inflation July 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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