Inflation in Kazakhstan
Kazakhstan - Inflation (end of period)
Inflation hits new high in September
Consumer prices rose 0.40% in September over the previous month, after the 0.47% increase recorded in August. The cooling of price pressures was primarily driven by softer growth in prices for services, as remaining prices grew at similar rates to those of the past month.
Inflation ticked up to 8.9% in September, following August’s 8.7%. September's reading was the highest inflation rate since October 2016. Annual average inflation rose to 7.7% in September (August: 7.5%).
FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 6.9%, which is up 0.3 percentage points from last month’s forecast. The panel expects inflation to end 2022 at 5.6%.
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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October 14, 2021
Industrial output increased 4.7% compared to the same month a year earlier in September, which was above August's 1.9% increase.
October 1, 2021
Consumer prices rose 0.40% in September over the previous month, after the 0.47% increase recorded in August.
September 13, 2021
At its meeting in mid-September, the National Bank of Kazakhstan (NBK) decided to raise the base rate by 25 basis points to 9.50%, marking the second consecutive hike since late July after holding rates for eight successive meetings.
September 13, 2021
Industrial output expanded 1.9% in year-on-year terms in August, which followed July's 8.2% increase.
September 2, 2021
Consumer prices rose 0.47% in August over the previous month, after the 0.67% increase recorded in July.