The Atyrau bridge in Kazakhstan

Kazakhstan Inflation December 2020

Kazakhstan: Inflation hits highest level since October 2017 in December

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.

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