Inflation Kazakhstan 2024
Average inflation: 4.9%
Current Inflation
Inflation is high at 4.9%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 9.8%. The lowest inflation was in December at 0.9%.
- Highest month
- January: 9.8%
- Lowest month
- December: 0.9%
- Difference
- 8.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 5.0% lower than the 5-year average of 9.9%. This approaches the lowest level since records began (4.9% in 2024).
- 5-year average
- 9.9%
- 10-year average
- 9%
- All-time high (2008)
- 17.3%
- All-time low (2024)
- 4.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +10.0 percentage point.
- Change vs. previous year
- -10.0 percentage points
- Largest monthly swing
- February: -12.7 percentage points
ECB Target
Inflation is 2.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 9.8% | -11.0 |
| February | 8.7% | -12.7 |
| March | 7.3% | -10.8 |
| April | 6.3% | -10.6 |
| May | 5.4% | -10.6 |
| June | 4.9% | -9.8 |
| July | 4.6% | -9.5 |
| August | 3.8% | -9.5 |
| September | 2.9% | -9.1 |
| October | 2.7% | -8.3 |
| November | 1.7% | -8.9 |
| December | 0.9% | -9.2 |
| Average | 4.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.