Inflation rate in Kazakhstan decreased to 5.3 percent in October of 2018 from 6.1 percent in the previous month. It was the smallest inflation rate since September of 2015. Prices rose for all categories: food & non-alcoholic beverages (4.3 percent); housing & utilities (5.1 percent); clothing & footwear (7.5 percent); transport (4.4 percent); household equipment (6.1 percent); recreation & culture (5.2 percent); alcoholic beverages & tobacco (10.6 percent); miscellaneous goods & services (6.3 percent); health (6.6 percent); communication (4 percent); education (4.7 percent) restaurant and hotels (4.8 percent). On a monthly basis, consumer prices went up 0.4 percent. Inflation Rate in Kazakhstan averaged 48.98 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.