Inflation Kazakhstan 2008
Average inflation: 17.3%
Inflation in 2008
Inflation is very high at 17.3%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 20.1%. The lowest inflation was in December at 9.5%.
- Highest month
- August: 20.1%
- Lowest month
- December: 9.5%
- Difference
- 10.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 5.0 percentage points higher than the 5-year average of 12.3%. This approaches the highest level since records began (17.3% in 2008).
- 5-year average
- 12.3%
- 10-year average
- 12.3%
- All-time high (2008)
- 17.3%
- All-time low (2006)
- 8.7%
Trend
Over the period 2006-2008, inflation shows an upward trend. Compared to 2007, inflation has risen by 6.5 percentage points.
- Change vs. previous year
- +6.5 percentage points
- Largest monthly swing
- May: +11.8 percentage points
ECB Target
Inflation is 15.3 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for KZT 100 this year will cost approximately KZT 117.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 18.8% | +10.2 |
| February | 18.8% | +10.9 |
| March | 18.7% | +10.9 |
| April | 19.1% | +11.3 |
| May | 19.5% | +11.8 |
| June | 20.0% | +11.8 |
| July | 20.0% | +11.1 |
| August | 20.1% | +10.6 |
| September | 18.2% | +6.9 |
| October | 13.9% | -1.5 |
| November | 11.3% | -6.3 |
| December | 9.5% | -9.3 |
| Average | 17.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.