Consumer prices in Kazakhstan rose by 8.4 percent year-on-year in December after rising 8.7 percent in November, the State Statistics Committee said.

Monthly inflation in December was 0.6 percent down from 0.7 percent in November.

The central bank said in January that it expected annual inflation to slow down to 6-6.5 percent by the end of 2022, but did not rule it could reach the target range of 4-6 percent.