Kazakhstan Inflation July 2020

Kazakhstan

Kazakhstan: Inflation hits over two-year high in July

August 3, 2020

Consumer prices increased a seasonally-adjusted 0.30% from the previous month in July, a smaller increase than June's 0.40% rise. July's result marked the softest rise in prices since September 2019.

Inflation inched up to 7.1% in July, from June’s 7.0%. July's reading represented the highest inflation rate since December 2017. Annual average inflation rose to 6.1% in July (June: 5.9%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 7.7%, which is down 0.1 percentage points from last month’s forecast. The panel expects inflation to end 2021 at 6.1%.


Author:, Economist

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Kazakhstan Inflation July 20 20

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


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