Kazakhstan Inflation January 2021


Kazakhstan: Inflation decreases in January but remains elevated

February 1, 2021

Consumer prices rose a seasonally-adjusted 0.60% over the previous month in January, slowing down from December's 0.87% increase. January's result marked the softest rise in prices since September 2020. The downturn came amid easing food, non-food goods and services price inflation.

Inflation came in at 7.4% in January, which was down from December’s 7.5%. Annual average inflation rose to 6.9% in January (December: 6.8%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 5.9%, which is down 0.3 percentage points from last month’s forecast. The panel expects inflation to end 2022 at 5.3%.

Author:, Junior Economist

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Kazakhstan Inflation Chart

Kazakhstan Inflation January 2021

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

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