Kazakhstan Inflation November 2020


Kazakhstan: Inflation hits highest level since November 2017 in November

December 2, 2020

Consumer prices rose a seasonally-adjusted 0.93% over the previous month in November, picking up from October's 0.65% rise. November's result was the sharpest increase in prices since March, and was driven by higher food prices.

Inflation came in at 7.3% in November, above October’s 7.1%. November's reading was the highest inflation rate since November 2017. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 6.6% in November (October: 6.5%). Price pressures in recent months have been driven partly by the notable depreciation of the currency since the start of 2020.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 6.2%, which is up 0.2 percentage points from last month’s forecast. The panel expects inflation to end 2022 at 5.7%.

Author:, Junior Economist

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Kazakhstan Inflation Chart

Kazakhstan Inflation November 20 20

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

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