Kazakhstan Inflation September 2021

Kazakhstan

Kazakhstan: Inflation hits new high in September

October 1, 2021

Consumer prices rose 0.40% in September over the previous month, after the 0.47% increase recorded in August. The cooling of price pressures was primarily driven by softer growth in prices for services, as remaining prices grew at similar rates to those of the past month.

Inflation ticked up to 8.9% in September, following August’s 8.7%. September's reading was the highest inflation rate since October 2016. Annual average inflation rose to 7.7% in September (August: 7.5%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 6.9%, which is up 0.3 percentage points from last month’s forecast. The panel expects inflation to end 2022 at 5.6%.


Author:, Junior Economist

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Kazakhstan Inflation September 2021 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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