Latest reading: Consumer prices increased 3.4% on a year-on-year basis in September, following a 3.2% increase in the previous month....
Inflation in Kazakhstan
Consumer price inflation in Kazakhstan averaged 9.1% in the ten years to 2024, in line with the CIS Countries regional average of 7.9%. The 2024 average figure was 8.7%. For more information on inflation, visit our dedicated page.
Kazakhstan Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Kazakhstan from 2021 to 2014.
Source: Macrobond.
Kazakhstan Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 6.8 | 8.0 | 15.0 | 14.5 | 8.7 |
| Inflation (CPI, ann. var. %, eop) | 7.4 | 8.5 | 20.3 | 9.7 | 8.6 |
Inflation comes in at the highest level in two years in August
Latest reading: Inflation jumped to 12.2% in August from July’s 11.7%, the highest level in two years and further above the Central Bank’s 5.0% target. Price pressures increased across the board, with paid services, food and non-food products experiencing stronger price growth in August from July. Accordingly, annual average inflation rose to 10.0% in August (July: 9.7%). Finally, consumer prices increased 0.95% over the previous month in August, accelerating from July’s 0.66% increase. August’s figure marked the highest reading since April.
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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