Bureau of National statistics
Agency for Strategic planning and reforms of the Republic of Kazakhstan
    Key indicators
    9.3%
    Inflation in the Republic of Kazakhstan in February 2024 slowed down for the year and amounted to 9.3% (in January 2024 – 9.5%). For the month, inflation accelerated and amounted to 1.1% (the previous month – 0.8%)
    12.8%
    Prices for paid services the year increased by 12.8% (in January 2024 – 12.3%), non-food products – by 8.5% (in January 2024 – 8.6%), food products – by 7.4% (in January 2024 – 8.2%)
    Annual inflation in the Republic of Kazakhstan for 2022-2024
    February 2024
    Dynamics of inflation

    Compared to February last year, tariffs for water disposal increased by 33.9%, central heating – by 30.9%, cold water – by 30.8%, garbage collection – by 30.7%, hot water – by 29.4%, electricity – by 19.9%.

    Prices for organization of comprehensive recreation increased by 21.5%, sanatorium services – 16%, health services – by 13.9%, services in the field of recreation and sports events – by 13.3%, hairdressers and personal service establishments – by 13.1%, cellular services – by 12.4%. Travel by taxi increased by 11.7%, city bus – by 9.3%, rail passenger transport – by 8.7%, intercity bus – by 8.2%. Travel by air passenger transport has fallen in price by 4%.

    The price level for pharmaceutical products increased by 11.7%, furniture and household items, clothes and shoes – by 11%, personal goods – by 10.9%, dishes – by 9.2%, building materials – by 6.9%. Diesel fuel rose in price by 14.5%, gasoline – by 13.6%, liquefied gas in cylinders – by 12.9%.

    An increases in prices was noted for rice by 26%, eggs – by 18.3%, fresh fruits – by 17.2%, mineral and drinking water – by 16.9%, soft drinks – by 16.6%, alcoholic beverages and tobacco products – by 14.4%, fruit and vegetable juices – by 12.5%, butter – by 12.2%, pasteurized milk – by 11.3%, canned milk – by 11.2%, bakery and flour confectionery – by 11%, kefir 2.5% fat content – by 10.9%, pasta and dough products – by 10.4%, fish and seafood – by 10.1%. A decrease in prices was observed for onions by 42.5%, buckwheat – by 24.3%, sunflower oil – by 21.2%, granulated sugar – by 14.8%, potato – by 12%.

    Regionally in February 2024 in annual terms, the inflation rate exceeding the republican average was observed in ten regions, of which the highest was in Karagandy (11.5%), Shygys Kazakhstan (10.2%) and Mangystau (10%) regions.

    Annual inflation in the regions for February, in %
    2024 2023 2022
    Republic of Kazakhstan 9,3 21,3 8,7
    Abai 9,4 20,7 ...
    Akmola 9,4 22,4 9,3
    Aktobe 8,6 21,5 9,0
    Almaty 7,1 19,3 8,4
    Atyrau 9,9 20,3 8,5
    Batys Kazakhstan 8,8 20,9 8,7
    Zhambyl 8,9 20,8 8,1
    Zhetisu 9,7 21,1 ...
    Karagandy 11,5 21,3 9,2
    Kostanai 8,4 21,7 8,5
    Kyzylorda 8,4 20,8 8,3
    Mangystau 10,0 25,1 8,7
    Pavlodar 8,4 21,7 8,5
    Soltustik Kazakhstan 9,5 22,1 8,5
    Turkistan 8,8 21,5 9,2
    Ulytau 9,0 21,6 ...
    Shygys Kazakhstan 10,2 20,9 9,2
    Astana city 9,5 23,5 8,9
    Almaty city 9,9 20,7 8,5
    Shymkent city 8,9 20,8 8,5
    Contribution to the annual rate of inflation

    The largest contribution to the annual inflation rate was made by food and soft drinks (2.8 percentage points), housing services (1.9 percentage points), clothing and footwear (1 percentage points).

    Contribution of the main groups of goods to the inflation of the Republic of Kazakhstan from February 2023 to 2024 February
    February 2024

    During the year, prices for bakery products and cereals increased by 9.4%, meat and meat products – by 6.5% and made the main contribution to inflation of 0.6 and 0.8 percentage points, respectively. The rise in price of eggs by 18.3%, soft drinks – by 10.7% and contributed 0.2 percentage points each, dairy products (by 10%), fruits and vegetables (by 6.2%) – 0.4 percentage points each in annual inflation.

    Housing and communal services rose in price by 14.4% over the year and their contribution to inflation amounted to 1.9 percentage points. In February 2024, compared to February of last year, central heating increased by 30.9% and contributed to annual inflation by 0.3 percentage points, electricity (by 19.9%) – by 0.4 percentage points, services for maintenance and repair of residential premises (by 7.9%), rental housing (by 7.5%) – by 0.2 percentage points.

    Contribution of individual components to annual inflation in the Republic of Kazakhstan in February 2024
    Goods and services Rate of increase Contribution to price growth
    Food products 7,4 3,030
    Bakery products and cereals 9,4 0,644
    Meat and meat products 6,5 0,778
    Milk products 10,0 0,388
    Eggs 18,3 0,230
    Oils and fats -4,3 -0,089
    Fruits and vegetables 6,2 0,380
    Sugar -14,2 -0,161
    Soft drinks 10,7 0,221
    Non-food products 8,5 2,631
    Cloth 10,3 0,660
    Shoes 12,5 0,383
    Detergents 1,2 0,021
    Petrol 13,6 0,320
    Goods for personaluse 10,9 0,328
    Paid services 12,8 3,609
    Housing services, water, electricity, gas and other fuels 14,4 1,861
    payment for housing maintenance 7,9 0,057
    rental of property 7,5 0,216
    residential maintenance and repair 7,9 0,201
    cold water 30,8 0,156
    hot water 29,4 0,113
    garbage removal 30,7 0,088
    drainage 33,9 0,076
    electricity 19,9 0,406
    gas 9,8 0,106
       gas, transported through distribution networks 9,1 0,083
       liquefied 12,9 0,023
    central heating 30,9 0,300
    solid fuels 9,5 0,134
    intercom 5,6 0,008
    Over the month, the price level of paid services increased by 1.7%, food products – by 0.8%, non-food products – by 0.7%.
    Inflation for the month, in %
    February
    goods and services food products non-food products paid services
    2019 0,3 1,5 0,3 -1,3
    2020 0,6 0,9 0,5 0,5
    2021 0,7 1,1 0,4 0,3
    2022 0,8 1,2 0,5 0,6
    2023 1,3 1,5 0,8 1,3
    2024 1,1 0,8 0,7 1,7
    Glossary

    Inflation - an indicator that characterizes the change in time of the average price level for a fixed list of goods and services purchased by the population for personal consumption.

    Contribution - the amount of influence of the percentage change in the indicator on the overall value of inflation.

    Methodological explanations

    The consumer price index, which characterizes the level of inflation, reflects the change over time in the general level of prices for goods and services purchased by the population for personal consumption.

    The calculation of the consumer price index is based on information obtained from two sources:

    • data on price changes collected by their direct registration in specially selected for this purpose outlets and places of services;
    • household survey materials regarding the structure of actual consumer spending of the population.

    The collection of information on price changes is carried out in a selective circle of cities and regional centers, in all regional centers, in cities of republican significance and the capital. The choice of basic trade and service enterprises is carried out locally. Objects of all types of trade and paid services are selected so that the survey includes enterprises with different trading conditions and regularly selling goods (services) of mass demand.

    The set of goods and services for monitoring consumer prices and calculating the CPI is a single sample for all regions of Kazakhstan. The list of goods and services contains 508 items, which representatively includes the most representative types that occupy the largest share in the consumption of the population.

    The collection of information on prices is carried out directly at the places of sale of goods (services) by price registrars. Prices are fixed for goods paid on the day of the survey, including taxes, but excluding additional fees for their delivery.


    Release responsible:
    Department of Price Statistics
    Department Director:
    K.Zhakypbekuly
    Tel. +7 7172 749790
    Executor:
    A.Makizhanova
    Tel. +7 7172 749531
    E-mail: an.makizhanova@aspire.gov.kz
    Address:
    010000, Astana
    Mangilik el avenue, 8
    House of Ministries, entrance 4