Inflation Kazakhstan 2022
Average inflation: 14.9%
Current Inflation
Inflation is very high at 14.9%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 20.4%. The lowest inflation was in January at 8.6%.
- Highest month
- December: 20.4%
- Lowest month
- January: 8.6%
- Difference
- 11.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 6.7% higher than the 5-year average of 8.2%.
- 5-year average
- 8.2%
- 10-year average
- 8.3%
- All-time high (2008)
- 17.3%
- All-time low (2012)
- 5.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +6.9 percentage point.
- Change vs. previous year
- +6.9 percentage points
- Largest monthly swing
- December: +11.9 percentage points
ECB Target
Inflation is 12.9% 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 €100 this year will cost approximately €114.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 8.6% | +1.4 |
| February | 8.7% | +1.4 |
| March | 12.1% | +5.1 |
| April | 13.3% | +6.3 |
| May | 14.1% | +6.9 |
| June | 14.7% | +6.7 |
| July | 15.1% | +6.7 |
| August | 16.1% | +7.3 |
| September | 17.8% | +8.9 |
| October | 18.8% | +9.7 |
| November | 19.6% | +10.8 |
| December | 20.4% | +11.9 |
| Average | 14.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.