Latest reading: Consumer prices increased 8.1% on a year-on-year basis in October, following a 9.4% rise in the prior month....
Inflation in Kazakhstan
Consumer price inflation in Kazakhstan averaged 9.1% in the ten years to 2024, in line with the CIS Countries regional average of 7.9%. The 2024 average figure was 8.7%. For more information on inflation, visit our dedicated page.
Kazakhstan Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kazakhstan from 2014 to 2025.
Source: Macrobond.
Kazakhstan Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 6.8 | 8.0 | 15.0 | 14.5 | 8.7 |
| Inflation (CPI, ann. var. %, eop) | 7.4 | 8.5 | 20.3 | 9.7 | 8.6 |
Inflation accelerates in September from August
Latest reading: Consumer prices were up 12.9% in annual terms in September, following a 12.2% increase in the prior month and marking the highest reading in over two years. Relative to the previous month's figures, there were higher price pressures for food and non-alcoholic beverages (+12.8% in annual terms vs +11.7% in August), transportation (+11.4% vs +9.3% in August), health (+17.0% vs +16.5% in August) and restaurants and hotels (+14.1% vs +13.2% in August). In contrast, price pressures reduced for housing and utilities in September (+17.4% vs +17.7% in August). Finally, consumer prices rose 1.12% in September on a month-on-month basis, following a 0.96% increase in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kazakhstani inflation projections for the next ten years from a panel of 22 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Kazakhstani inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kazakhstani inflation projections.
Want to get access to the full dataset of Kazakhstani inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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