The Atyrau bridge in Kazakhstan

Kazakhstan Inflation

Kazakhstan Inflation

Inflation in Kazakhstan

Consumer price inflation in Kazakhstan averaged 8.2% in the ten years to 2022, slightly above the Eastern Europe regional average of 7.7%. The inflation rate for 2022 was 15.0%. For more inflation information, visit our dedicated page.

Kazakhstan Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kazakhstan from 2014 to 2023.
Source: Agency of Statistics Kazakhstan.

Kazakhstan Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 6.0 5.3 6.8 8.0 15.0
Inflation (CPI, ann. var. %, eop) 5.3 5.4 7.4 8.5 20.3

Inflation falls to over one-year low in January

Inflation fell to 9.5% in January, easing slightly from December’s 9.7%. January's result represented the weakest inflation rate since February 2022. According to the preliminary release, the moderation was driven by softer price pressures for both food and non-food products, which outweighed accelerating prices in services. Annual average inflation fell to 13.6% in January (December: 14.5%). Lastly, consumer prices increased 0.78% in January over the previous month, picking up from December's 0.77% rise.

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 20 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.

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