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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (CPI, annual variation in %, eop) | 13.6 | 8.5 | 7.1 | 5.3 | 5.4 |
Kazakhstan Inflation (eop) Chart

Source: Agency of Statistics
Kazakhstan Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 382.9 | 0.32 % | Jan 01 |
Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Kazakhstan: Inflation comes in at highest level since March 2000 in December
January 4, 2023
Inflation increased to 20.3% in December, above November’s 19.6%, the 12th straight month of increase.
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Kazakhstan: Inflation increases to the highest level since August 2008 in November
December 23, 2022
Inflation rose to 19.6% in November, below October’s 18.8%, the 11th straight month of increase.
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Kazakhstan: Central Bank raises its policy
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.
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Kazakhstan: GDP growth softens in Q3
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.
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Kazakhstan: Inflation comes in at highest level since August 2008 in October
November 1, 2022
Inflation rose to 18.8% in October, above September’s 17.7%.