Kazakhstan's consumer price inflation was unchanged at 5.3 percent year-on-year in November 2018, the lowest level since September 2015. Upward pressure came from: food & non-alcoholic beverages (4.7 percent); housing, water, electricity, gas & other fuels (3.5 percent); clothing & footwear (7.7 percent); transport (4.7 percent); household equipment (6.5 percent); recreation and culture (6.5 percent); and alcoholic beverages & tobacco (10.5 percent). Inflation Rate in Kazakhstan averaged 48.71 percent from 1992 until 2018, 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.
Inflation Rate in Kazakhstan is expected to be 6.10 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 5.20 in 12 months time. In the long-term, the Kazakhstan Inflation Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.