Kazakhstan Inflation December 2020

Kazakhstan

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.

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 December 20 20 0

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


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