Kazakhstan Inflation August 2020

Kazakhstan

Kazakhstan: Inflation decreases in August

September 1, 2020

Consumer prices increased a seasonally-adjusted 0.10% in August over the previous month, a smaller increase than July's 0.30% rise. August's result marked the softest rise in prices since July 2018, as lower food prices partially offset higher prices for non-food items.

Inflation came in at 7.0% in August, easing slightly from July’s 7.1%. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 6.2% in August (July: 6.1%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 7.7%, which is unchanged from last month’s forecast. The panel expects inflation to end 2021 at 6.1%.


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Kazakhstan Inflation August 20 20

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


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