The annual inflation rate in Kazakhstan dropped to 7 percent in August of 2020 from 7.1 percent in July, due to a mild slowdown in prices of food (10.9 percent vs 11.3 percent in July). Meanwhile, inflation edged higher for non-food products (5.5 percent vs 5.4 percent). On a monthly basis, consumer prices were up 0.1 percent, after increasing 0.3 percent in the previous month.
Inflation Rate in Kazakhstan averaged 43.67 percent from 1992 until 2020, 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 September of 2020.
Inflation Rate in Kazakhstan is expected to be 7.20 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 7.00 in 12 months time. In the long-term, the Kazakhstan Inflation Rate is projected to trend around 6.00 percent in 2021 and 5.00 percent in 2022, according to our econometric models.