Kazakhstan Inflation October 2021

Kazakhstan

Kazakhstan: Inflation remains steady in October

November 1, 2021

Consumer prices rose 0.70% in October over the previous month, picking up from September's 0.41% rise. October's result marked the highest reading since June. The increase was largely driven by rising prices for foodstuffs. In addition, price pressures for non-food goods grew at a quicker pace.

Inflation remained at September’s 8.9% in October. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 7.8% in October (September: 7.7%).

FocusEconomics Consensus Forecast panelists expect inflation to end 2022 at 6.0%, which is up 0.2 percentage points from last month’s forecast. The panel expects inflation to end 2023 at 5.1%.


Author:, Junior Economist

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Kazakhstan Inflation October 2021

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


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