Kazakhstan Inflation April 2020

Kazakhstan

Kazakhstan: Inflation rises to over two-year high in April

May 4, 2020

Consumer prices rose 0.9% month-on-month in April, matching March’s result. Faster growth in prices for food were largely offset by softer increases in prices for non-grocery goods and paid services, according to the Statistical Institute.

Inflation logged 6.8% in April, up from March’s 6.4% outturn and marking the highest reading since January 2018. Annual average inflation, meanwhile, inched up to 5.7% from 5.5% a month prior.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 8.0%, which is unchanged from last month’s forecast. The panel expects inflation to end 2021 at 5.8%.


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Kazakhstan Inflation April 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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