Inflation in Kazakhstan
Kazakhstan - Inflation (end of period)
Inflation comes in at highest level since September 2016 in July
Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June. July's result marked the softest rise in prices since February. The moderation was primarily due to slower growth in prices for foodstuffs. In addition, price pressures for non-food goods grew at a softer pace.
Inflation came in at 15.0% in July, which was up from June’s 14.5%. July's result represented the highest inflation rate since September 2016. Annual average inflation rose to 10.8% in July (June: 10.2%).
FocusEconomics panelists see inflation averaging 12.5% in 2022, which is up 0.3 percentage points from last month’s forecast. For 2023, inflation is seen averaging 9.3%.
Kazakhstan - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||13.6||8.5||7.1||5.3||5.4|
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Inflation (eop) Chart
Source: Agency of Statistics
|Exchange Rate||382.9||0.32 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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August 1, 2022
Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June.
July 25, 2022
At its latest meeting on 25 July, the National Bank of Kazakhstan (NBK) decided to raise its base rate by 50 basis points to 14.50%, following its decision to stand pat in early June.
July 14, 2022
Industrial output declined 1.3% compared to the same month a year earlier in June, which contrasted May's 3.1% increase.
June 15, 2022
Industrial output rose 3.1% compared to the same month a year earlier in May, which followed April's 1.2% increase.
June 1, 2022
Consumer prices increased 1.4% over the previous month in May, a smaller increase than the 2.02% increase recorded in April.