Inflation in the Republic of Kazakhstan

In June 2023, the monthly consumer price index slowed down and amounted to 0.5% (in May this year – 0.6%). Prices for non–food products increased by 0.7%, paid services – by 0.6%, food products – by 0.2%.

The increase in prices in June was observed on furniture and household items by 2.6%, suitcases, travel bags – by 1.4%, bicycles – by 1.2%, personal goods - by 1%. Compared to last month, prices for construction materials increased by 0.8%, clothing and footwear, pharmaceutical products – by 0.7%. Gasoline AI-95/96 rose by 1.1%, liquefied gas in cylinders – by 0.7%.

The increase in prices was noted for air passenger transport services by 9.6%, the organization of complex recreation – by 8.8%, sanatorium services – by 6%, residential maintenance and repair services – by 1.6%, catering – by 1.4%, healthcare – by 0.9%.

Of food products, potato prices increased by 9.9%, grapes – by 4%, lemons – by 3.9%, apples – by 3.1%. The increase in prices was noted for mineral and drinking water, soft drinks – by 2.4%, fruit and vegetable juices – by 1.8%. Bananas fell by 10.6%, fresh vegetables – by 8.8%, eggs – by 5.9%, sunflower oil – by 4.2%, buckwheat groats – by 4.1%.

Among the regions, the highest monthly inflation was registered in the Soltustik Kazakhstan and Mangystau regions - 0.9% each (above the national average by 0.4 percentage points), the lowest – in the Aktobe region. The consumer price index for the month in Shymkentsity amounted to 100%.

In the context of regions, food prices increased the most in the Ulytau region by 1.3%, non–food – in Astanasity by 1.3%, paid services - in the Soltustik Kazakhstan region by 1.4%.

 

Changes in prices for consumer goods and services (June 2023)

as a percentage, the increase

	June 2023 to
	June 2022	May 2023
Goodsandservices	14.6	0.5
Foodproducts	14.6	0.2
Non-foodproducts	15.8	0.7
Paid services for the public	13.3	0.6

Inflation in June 2023 was 14.6% year-on-year. Prices for food products increased by 14.6%, non–food products - by 15.8%, paid services – by 13.3%.

Compared to June 2022, office supplies rose by 67.7%, cucumbers – by 33.4%, household soap – by 42.1%, dishwashing detergent – by 41.0%, concentrated sugar–free milk – by 42.9%, rice - by 47.6%, day hospital treatment – by 40.8%, sugar-refined – by 32.2%. On the contrary, cabbage fell by 13.8% in annual terms, carrots – by 9.5%, potatoes – by 9.1%, garlic – by 5.4%, beets – by 6.9%.

The consumer price index indicator characterizing the inflation rate is calculated monthly. Observations are conducted on tariffs and prices for services and goods, for a total of 508 positions. Dynamic changes in inflation can be viewed on a specially designed interactive dashboard, which covers indicators starting from 2018.

"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.

*Since January 2023, when constructing the consumer price index, the share of food products is 41.8%, non–food products - 29.6%, paid services - 28.6%.