Kazakhstan’s annual inflation rate quickened to 7.2 percent in May of 2021 from 7.0 percent in the previous month. It was the fastest increase in consumer prices since February, driven by costs of non-food products (6.7 percent vs 6.4 percent in April) and services (5.1 percent vs 4.1 percent). On the other hand, prices of food went up at a slightly slower pace (9.3 percent vs 9.8 percent). On a monthly basis, consumer prices edged higher by 0.7 percent, slightly easing from a 0.9 percent gain in the previous month. source: Agency of the Republic of Kazakhstan on Statistics
Inflation Rate in Kazakhstan averaged 41.92 percent from 1992 until 2021, reaching an all time high of 2960.80 percent in December of 1992 and a record low of 1.90 percent in December of 1998. This page provides the latest reported value for - Kazakhstan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kazakhstan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in Kazakhstan is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Kazakhstan to stand at 5.50 in 12 months time. In the long-term, the Kazakhstan Inflation Rate is projected to trend around 5.00 percent in 2022 and 4.50 percent in 2023, according to our econometric models.