Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
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 accelerated 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 21 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.
Latest Global Inflation News
-
Kuwait: Inflation increases in July -
Japan: Inflation declines in July but remains above target Latest reading: Inflation came in at 3.1% in July, down from June’s 3.3%. July’s result represented the lowest inflation rate... -
Estonia: Harmonized inflation picks up in July Latest reading: Harmonized inflation came in at 5.6% in July, which was up from June’s 5.3%. July’s figure was the... -
Greece: Harmonized inflation rises in July Latest reading: Harmonized inflation ticked up to 3.7% in July from June’s 3.6%. July’s figure represented the highest inflation rate... -
Hong Kong: Inflation falls to lowest level since June 2021 in July Latest reading: Inflation came in at 1.0% in July, down from June’s 1.5%. July’s result marked the weakest inflation rate... -
Lithuania: Harmonized inflation increases in July Latest reading: Harmonized inflation ticked up to 3.4% in July from June’s 3.2%. Looking at the details of the release,... -
Ireland: Harmonized inflation steadies in July Latest reading: Harmonized inflation was stable at June’s 1.6% in July. Looking at the details of the release, prices for...