Kazakhstan: Inflation hits highest level since October 2017 in December
January 5, 2021
Consumer prices rose a seasonally-adjusted 0.87% in December over the previous month, coming in below the 0.93% rise logged in November. December’s reading was driven by higher food prices.
Inflation edged up to 7.5% in December, above November’s 7.3%. December's reading was the highest inflation rate since October 2017. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 6.8% in December (November: 6.6%). 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