Kazakhstan Inflation March 2021


Kazakhstan: Inflation falls to lowest level since September 2020 in March

April 1, 2021

Consumer prices increased 0.62% in March over the previous month, slightly below February's 0.65% increase. The downtick came amid a slowdown in price growth for foodstuffs, while non-grocery goods saw a mild uptick in price growth.

Inflation came in at 7.0% in March, which was down from February’s 7.4%. March's reading represented the weakest inflation rate since September 2020. Meanwhile, the trend was unchanged, with annual average inflation coming in at February's 7.1% in March.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 5.9%, which is down 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2022 at 5.4%.

Author:, Junior Economist

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Kazakhstan Inflation Chart

Kazakhstan Inflation March 2021 0

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

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