The annual inflation rate in Kazakhstan increased to 14 percent in May of 2022, the highest since September of 2016, and accelerated from 13.2 percent in April. Main upward pressure came from the prices of food (19 percent vs. 17.9 percent), followed by non-food products (11.9 percent vs. 11.1 percent), and, lastly, services (9.1 percent vs. 8.9 percent). On a monthly basis, consumer prices advanced 1.4 percent in May, slowing from a 2 percent rise in April. source: Agency of the Republic of Kazakhstan on Statistics
Inflation Rate in Kazakhstan averaged 39.99 percent from 1992 until 2022, 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 2022.
Inflation Rate in Kazakhstan is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kazakhstan Inflation Rate is projected to trend around 13.90 percent in 2023 and 7.00 percent in 2024, according to our econometric models.