Kazakhstan Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Kazakhstan's inflation rate was 11.38% in 2025, ranked 19th globally. This represents a 28.7% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Kazakhstan's inflation rate stood at 11.38% in 2025, a rise of +2.54pp from 2024. The IMF projects 11.38% by 2025. Kazakhstan ranked 19th globally.
Kazakhstan’s inflation rate has fallen dramatically from a post‑Soviet peak of 1877.37 % in 1994 to a trough of 5.20 % in 2012, illustrating the country’s successful macro‑stabilisation after the hyperinflation of the early 1990s. Over the 33‑year series, the rate has risen again, reaching 11.38 % in 2025, which places Kazakhstan 19th globally and slightly above Bangladesh’s 10.03 % and Ukraine’s 12.64 % peers. The recent increase reflects a combination of commodity price volatility, exchange‑rate pressures and fiscal stimulus that have re‑elevated consumer price growth. While the 2025 figure remains well below the 1994 apex, it signals a reversal of the low‑inflation environment that prevailed after 2012. Continued monetary tightening, a stable ruble‑to‑tenge exchange rate and disciplined fiscal policy would be required to sustain a downward trajectory and bring inflation back toward the long‑run trough level.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 5.90% | - | - |
| 2029* IMF | 7.70% | - | - |
| 2028* IMF | 9.12% | - | - |
| 2027* IMF | 10.50% | - | - |
| 2026* IMF | 11.21% | - | - |
| 2025* IMF | 11.38% | - | - |
| 2025 | 11.38% | +2.54pp | #19 |
| 2024 | 8.84% | −5.68pp | #163 |
| 2023 | 14.72% | −0.26pp | #170 |
| 2022 | 15.03% | +7.03pp | #163 |
| 2021 | 8.04% | +1.28pp | #161 |
| 2020 | 6.72% | +1.44pp | #167 |
| 2019 | 5.33% | −0.67pp | #163 |
| 2018 | 6.16% | −1.29pp | #166 |
| 2017 | 7.44% | −7.12pp | #166 |
| 2016 | 14.36% | +7.61pp | #186 |
| 2015 | 6.68% | +0.10pp | #166 |
| 2014 | 6.85% | +1.03pp | #169 |
| 2013 | 5.94% | +0.81pp | #158 |
| 2012 | 5.20% | −3.18pp | #132 |
| 2011 | 8.45% | +1.35pp | #159 |
Detected Pattern
Analysis
Kazakhstan matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Kazakhstan's inflation rate was 11.38% in 2025. Ranked 19th globally. This represents a 28.7% increase from the previous year.
Kazakhstan's inflation rate peaked at 1,877.37% in 1994.
The lowest inflation rate in Kazakhstan was 5.20% in 2012.
Kazakhstan ranks 19th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Kazakhstan's inflation rate is projected to reach 11.38% by 2025 based on IMF projection.
The inflation rate of Kazakhstan in 2025 was 11.38%. This ranks 19th in the world.
Cite this page
@misc{historysaid_kazakhstan_inflation-rate,
title = {Kazakhstan Inflation Rate},
url = {https://historysaid.com/kazakhstan/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}