Inflation rate in Kazakhstan edged up to 4.9 percent in April of 2019 from 4.8 percent in the previous month, as prices advanced faster for food & non-alcoholic beverages (6.9 percent vs 6.5 percent in March) and leisure & culture (7.7 percent vs 7.6 percent). Meanwhile, inflation was steady for transport (at 1.9 percent) and household equipment (at 7.1 percent) while prices rose at a softer pace for clothing & footwear (8.2 percent vs 8.4 percent) and alcoholic beverages & tobacco (9.8 percent vs 10.2 percent). In addition, housing & utilities cost continued to decline (-3.5 percent vs -3.3 percent). On a monthly basis, consumer prices went up 0.5 percent, the same pace as in March. Inflation Rate in Kazakhstan averaged 47.37 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.