Inflation Kazakhstan 2020
Average inflation: 6.7%
Inflation in 2020
Inflation is very high at 6.7%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 7.3%. The lowest inflation was in January at 5.6%.
- Highest month
- December: 7.3%
- Lowest month
- January: 5.6%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.3 percentage points lower than the 5-year average of 8.0%.
- 5-year average
- 8%
- 10-year average
- 7.3%
- All-time high (2008)
- 17.3%
- All-time low (2012)
- 5.2%
Trend
Over the period 2018-2020, inflation has remained relatively stable. Compared to 2019, inflation has risen by 1.4 percentage points.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- December: +1.9 percentage points
ECB Target
Inflation is 4.7 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 106.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 5.6% | +0.3 |
| February | 6.0% | +1.1 |
| March | 6.4% | +1.5 |
| April | 6.8% | +1.8 |
| May | 6.7% | +1.3 |
| June | 6.9% | +1.5 |
| July | 7.0% | +1.5 |
| August | 6.9% | +1.4 |
| September | 6.9% | +1.5 |
| October | 6.9% | +1.3 |
| November | 7.1% | +1.7 |
| December | 7.3% | +1.9 |
| Average | 6.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.