The Atyrau bridge in Kazakhstan

Kazakhstan Inflation May 2022

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

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%).

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