Inflation in Kazakhstan
Kazakhstan - Inflation
Inflation comes in at highest level since September 2016 in August
Consumer prices increased 1.40% in August over the previous month, accelerating from the 1.10% increase logged in July. Looking at the details of the release, prices for services and non-food goods rose at a quicker pace in August. In contrast, prices for food rose at a steady pace in August.
Inflation rose to 16.1% in August from July’s 15.0%. August's figure was the highest inflation rate since September 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 11.4% in August (July: 10.8%).
FocusEconomics panelists see inflation averaging 12.6% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, inflation is seen averaging 9.5%.
Kazakhstan - Inflation Data
|Inflation Rate (CPI, annual variation in %)||6.6||14.7||7.4||6.0||5.2|
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Inflation 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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September 5, 2022
According to a preliminary reading, GDP growth weakened to 3.4% year on year in January-June, down from 4.6% in January–March.
September 5, 2022
Consumer prices increased 1.40% in August over the previous month, accelerating from the 1.10% increase logged in July.
August 15, 2022
Industrial output fell 2.4% year on year in July (June: -1.3% yoy).
August 1, 2022
Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June.
July 25, 2022
At its latest meeting on 25 July, the National Bank of Kazakhstan (NBK) decided to raise its base rate by 50 basis points to 14.50%, following its decision to stand pat in early June.