Inflation in Kazakhstan
Kazakhstan - Inflation (end of period)
Inflation comes in at highest level since March 2000 in December
Inflation increased to 20.3% in December, above November’s 19.6%, the 12th straight month of increase. December's reading was the highest inflation rate since March 2000. Looking at the details of the release, the increase was broad-based: prices for food, transport, clothing and housing increased at a quicker rate in December.
The trend pointed up, with annual average inflation coming in at 15.0% in December (November: 14.0%).
Lastly, consumer prices increased 1.24% over the previous month in December, which was below November's 1.42% increase. December's result marked the weakest reading since July.
FocusEconomics panelists see inflation averaging 10.1% in 2023, which is down 0.3 percentage points from last month’s forecast. For 2024, inflation is seen averaging 6.8%.
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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January 4, 2023
Inflation increased to 20.3% in December, above November’s 19.6%, the 12th straight month of increase.
December 23, 2022
Inflation rose to 19.6% in November, below October’s 18.8%, the 11th straight month of increase.
December 5, 2022
At its latest meeting on 5 December, the National Bank of Kazakhstan (NBK) raised its base rate by 75 basis points to 16.75%, following its decision to increase its rate by 150 basis points to 16.00% at the end of October.
November 15, 2022
According to a preliminary reading, GDP growth weakened to 2.8% year on year in January–September, down from 3.6% in January–June.
November 1, 2022
Inflation rose to 18.8% in October, above September’s 17.7%.