The Atyrau bridge in Kazakhstan

Kazakhstan Inflation January 2024

Kazakhstan: Inflation falls to over one-year low in January

Inflation fell to 9.5% in January, easing slightly from December’s 9.7%. January’s result represented the weakest inflation rate since February 2022. According to the preliminary release, the moderation was driven by softer price pressures for both food and non-food products, which outweighed accelerating prices in services.

Annual average inflation fell to 13.6% in January (December: 14.5%).

Lastly, consumer prices increased 0.78% in January over the previous month, picking up from December’s 0.77% rise.

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