Kazakhstan Inflation October 2020


Kazakhstan: Inflation increases in October

November 2, 2020

Consumer prices increased a seasonally-adjusted 0.65% in October over the previous month, picking up from September's 0.28% increase. October's figure was the sharpest increase in prices since April. The uptick came on accelerated increases in food and non-food prices. However, prices for services increased at a slower pace.

Inflation came in at 7.1% in October, which was up from September’s 7.0%. Annual average inflation rose to 6.5% in October (September: 6.3%). Elevated price pressures could continue to limit the Central Bank’s willingness to ease its monetary stance.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 6.0%, which is down 0.1 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 Chart

Kazakhstan Inflation October 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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