The Atyrau bridge in Kazakhstan

Kazakhstan Inflation December 2023

Kazakhstan: Inflation falls to lowest level since February 2022 in December

Inflation dropped to 9.8% in December below November’s 10.2%. December’s figure marked the weakest inflation rate since February 2022. Looking at the details of the preliminary release, price pressures fell for both food and non-food products. However, paid services inflation accelerated.

Annual average inflation increased to 14.5% in December (November: 15.4%).

Finally, consumer prices increased 0.84% over the previous month in December, below the 0.92% rise recorded in November.

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