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.
Author: Frederico Teixeira de Abreu, Junior Economist