Kazakhstan Inflation May 2022


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

June 1, 2022

Consumer prices increased 1.4% over the previous month in May, a smaller increase than the 2.02% increase recorded in April. The slowdown was primarily driven by slower growth in prices for foodstuffs as well as easing price pressures for non-food goods.

Inflation came in at 14.0% in May, which was up from March’s 13.2%. May's reading marked the highest inflation rate since September 2016. Annual average inflation rose to 9.7% in May (April: 9.2%).

FocusEconomics panelists see inflation averaging 11.5% in 2022, which is up 1.3 percentage points from last month’s forecast. For 2023, inflation is seen averaging 8.5%.


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Kazakhstan Inflation Chart

Kazakhstan Inflation May 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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