Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation hits over two-year high in June
Consumer prices rose a seasonally-adjusted 0.40% from the last month in June, coming in below May's 0.50% rise. June's result marked the softest rise in prices since September 2019. Prices for foodstuffs dropped notably in June, while prices for services rebounded after falling in May.
Inflation rose to 7.0% in June, which was up from May’s 6.7% print. June's reading marked the highest inflation rate since December 2017. In addition, the trend pointed up slightly, with annual average inflation coming in at 5.9% in June (May: 5.8%).
FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 8.3%, which is unchanged from last month’s forecast. The panel expects inflation to end 2021 at 6.0%.
Kazakhstan - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 6.6 | 14.7 | 7.4 | 6.0 | 5.2 |
Kazakhstan Inflation Chart
Source: Agency of Statistics
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 382.9 | 0.32 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Kazakhstan: Industrial output growth falls to one-year low in May
July 17, 2020
Industrial production increased a meagre 0.5% year-on-year in May (April: +6.2% yoy), as the effects of the Covid-19 pandemic dented activity.
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Kazakhstan: Inflation hits over two-year high in June
July 2, 2020
Consumer prices rose a seasonally-adjusted 0.40% from the last month in June, coming in below May's 0.50% rise.
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Kazakhstan: Tenge recovers lost ground in May
June 9, 2020
Kazakhstan’s tenge (KZT) strengthened notably against the U.S. dollar in May and at the start of June, after having sunk to a record low in March.
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Kazakhstan: Central Bank holds base rate in June
June 8, 2020
The National Bank of Kazakhstan (NBK) decided to keep the base rate steady at 9.50% at its monetary policy meeting on 8 June, after having slashed it by 250 basis points in April in the wake of Covid-19.
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Kazakhstan: Inflation broadly stable in May
June 1, 2020
Consumer prices increased 0.5% month-on-month in May, below April’s 0.9% rise.
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