Kazakhstan Inflation December 2021

Kazakhstan

Kazakhstan: Inflation drops to lowest level since July in December

January 1, 2022

Consumer prices increased 0.60% over the previous month in December, slowing down from the 0.75% rise logged in November. December's result marked the weakest reading since September. The cooling of price pressures was primarily due to softer growth in prices for foodstuffs. In addition, price pressures for non-food goods grew at a slower pace.

Inflation came in at 8.4% in December, down from November’s 8.7%. December's reading marked the weakest inflation rate since July. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 8.0% in December (November: 7.9%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2022 at 6.3%, which is up 0.2 percentage points from last month’s forecast. The panel expects inflation to end 2023 at 5.7%.


Author:, Junior Economist

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Kazakhstan Inflation December 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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