Kazakhstan Inflation November 2021

Kazakhstan

Kazakhstan: Inflation falls to lowest level since August in November

December 1, 2021

Consumer prices increased 0.75% over the previous month in November, accelerating from October's 0.70% increase. November's uptick was the highest reading since June. The acceleration was primarily due to rising prices for foodstuffs.

Inflation came in at 8.7% in November, down from October’s 8.9%. November's figure represented the lowest inflation rate since August. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 7.9% in November (October: 7.8%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2022 at 6.1%, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2023 at 5.6%.


Author:, Junior Economist

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Kazakhstan Inflation November 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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