Inflation in the Republic of Kazakhstan

Inflation in the Republic of Kazakhstan

Inflation in June 2022 year-on-year amounted to 14.5%, for the month – 1.6%.

Prices for food products in June 2022 increased by 19.2% compared to June last year, non-food products increased by 13.2%, paid services - by 9.2%.

Change in prices for consumer goods and services

percent, in crease

 

June 2022

For reference: May 2022

June
2021

December
2021

May
2022

May
2022

April
2022

Goods and services

14.5

10.5

1.6

14.0

1.4

Foodstuffs

19.2

15.7

1.9

19.0

1.7

Non-grocery goods

13.2

8.4

1.9

11.9

1.4

Paid services for the population

9.2

5.3

0.8

9.1

0.8

 

In the food market, a significant increase in prices in annual terms was noted for granulated sugar - 78.7%, cabbage – 72.4%, onion – 69.3%. A decrease in prices was observed for potatoes by 9.8%.

 

PRICE GROWTH (June 2021- June 2022), as a percentage, increase

78.7% granulated sugar

22.8% fermented milk products

72.4% cabbage

21.9% mineral and drinking water

69.3% onion

20.7% confectionery

33.1% flour

19.1% soft drinks

30.1% pasta

18.5% tobacco products

29.7% poultry meat

17.3% bread

28.5% cereals

16.8% horse meat

26.0% hard cheese

16.3% sausage products

25.4% bakery and flour products

15.9% butter

25.3% fresh fruit

14.9% lamb

23.5% dried fruits and nuts

14.7% sunflower oil

"The Bureau calculates the consumer price index indicator monthly, which characterizes the level of inflation. We are observing changes in tariffs and prices for services and goods, for a total of 508 items. Prices are registered through a selective network of trade and service enterprises of various forms of ownership in all regional centers, the capital and a certain circle of cities and district centers," explains Kuanyshbek Zhakypbekuly, Director of the Bureau's Price Statistics Department.

According to him, the increase in prices for non-food products in June 2022 (by June 2021) amounted to 13.2%. The price level for personal goods increased by 23%, detergents and cleaning products – by 20.8%, household appliances – by 19.7%, building materials – by 18.6%, furniture and household items – by 18.2%, cars – by 15.1%, tableware – by 13.9%, textiles – by 10.8%, pharmaceutical products – by 9%.

Prices for paid services for the year (June 2022 by June 2021) increased by 9.2%. The price level for catering services increased by 15.9%, healthcare – by 14.7%, sanatoriums – by 13.7%, complex recreation – by 13.2%, hairdressing and personal service establishments – by 12%, hotels – by 5.7%. Passenger transport services have risen in price by 4%.

In the sphere of housing and communal services, electricity tariffs increased by 7.5%, garbage collection - by 2%, gas transported through distribution networks – by 1.4%, and central heating – decreased by 2.3%, hot water – by 0.9%.

*Since January 2022, when constructing the consumer price index, the share of food products is 40.7%, non–food products - 30.2%, paid services – 29.1%.