Inflation in Kazakhstan

Kazakhstan Inflation | Economic News & Forecasts

Kazakhstan - Inflation

Inflation falls to the lowest in over three years

Consumer prices rose 0.3% over the previous month in February, following a 0.5% month-on-month increase in January. The reading reflected higher prices for food, stable prices for non-food items and lower prices for services. Looking at a more detailed breakdown of the sub-components, food and non-alcoholic beverages recorded the biggest upturn in prices, while the cost of housing, water, electricity, gas and other fuels declined—the only category to see a drop in prices. Meanwhile, education was the only sub-component to see prices unchanged from the previous month.

Inflation continued to decline in February, falling to 4.8% from 5.2% in January, owing to lower fuel costs. February’s print was the lowest since September 2015. Annual average inflation also fell, inching down to 5.8% in February from 5.9% in January.

Kazakhstan Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 6.0%, which is unchanged from last month’s forecast. The panel expects inflation to decelerate and end 2020 at 5.3%.

Kazakhstan - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)5.8  6.7  6.6  14.7  7.4  

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Kazakhstan Inflation Chart

Kazakhstan Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Agency of Statistics

Kazakhstan Facts

Exchange Rate378.40.32 %Mar 20
Stock Market0.10.0 %Mar 19

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