Inflation rate in Kazakhstan edged up to 5.4 percent in June of 2019 from 5.3 percent in the previous month. It was the highest inflation rate since September 2018, as prices advanced faster for food & non-alcoholic beverages (8.1 percent vs 7.8 percent in May) and alcoholic beverages & tobacco (9.8 percent vs 9.6 percent). On the other hand, inflation was steady for clothing & footwear (at 7.9 percent) and household equipment (at 7.3 percent) while transport cost slowed (1.9 percent vs 2.0 percent). In addition, housing & utilities prices continued to decline (-3.5 percent vs -3.4 percent). On a monthly basis, consumer prices went up 0.2 percent, easing from a 0.6 percent increase in May. Inflation Rate in Kazakhstan averaged 46.86 percent from 1992 until 2019, 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 5.10 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 5.10 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.