Bureau of National statistics
Agency for Strategic planning and reforms of the Republic of Kazakhstan
    Key indicators
    8.5%
    Inflation in the Republic of Kazakhstan in May 2024 slowed down, for the year amounted to 8.5% (in April 2024 – 8.7%), for the month – 0.4% (the previous month – 0.6%)
    13.9%
    Prices for paid services the year increased by 13.9% (in April arch 2024 – 13.5%), non-food products – by 7.6% (in April 2024 – 7.6%), food products – by 5.5% (in April 2024 – 6.3%)
    Dynamics of inflation

    Compared to May last year, tariffs for water disposal increased by 43.9%, cold water – by 35.9%, hot water – by 35%, central heating – by 33%, electricity – by 31.4%, garbage collection – by 31.2%.

    Prices for services in the field of health services increased by 14%, cellular services, hairdressers and personal service establishments – by 12.4%, recreation and sports events – by 12.1%, funeral services – by 11.9%, housing repair services – by 10.8%, sanatorium services, catering services – by 9.8%. Taxi increased by 11.7%, city bus – by 9.3%, rail passenger transport – by 5.9%, intercity bus – by 4%.

    The price level for new domestically assembled cars increased by 13.4%, pharmaceutical products – by 11.5%, furniture and household items – by 11%, clothes and shoes – by 10.8%, personal goods – by 8.9%, building materials – by 6.3%, dishes – by 5.2%. Liquefied gas in cylinders rose in price by 10.8%.

    Increases in prices was noted for carrot by 18.4%, rice – by 17.4%, mineral and drinking water – by 16.9%, fresh fruits – by 14.8%, soft drinks – by 13.3%, alcoholic beverages and tobacco products – by 13.1%, fruit and vegetable juices – by 11.8%, frech fish – by 11.7%, butter – by 11.2%, confectionery – by 10.9%, wheat bread made from premium flour – by 10.6%. A decrease in prices was observed for onions by 42.9%, sunflower oil – by 24.7%, buckwheat – by 23.9%, white cabbage – by 18.1%, granulated sugar – by 4.9%.

    Regionally in May 2024 in annual terms, the inflation rate exceeding the republican average was observed in ten regions, of which the highest was in Karagandy (10.5%), Mangystau (10.2%) regions, in Astana city (10.4%).

    Annual inflation in the regions for May
    in percentages, increase
    2024 2023 2022
    Republic of Kazakhstan 8,5 15,9 14,0
    Abay 8,1 15,7 ...
    Akmola 8,7 17,6 13,9
    Aktobe 8,1 16,2 13,9
    Almaty 5,6 14,8 13,4
    Atyrau 8,6 15,9 13,1
    Batys Kazakhstan 7,9 16,1 13,5
    Zhambyl 7,1 15,6 13,1
    Zhetisu 8,7 16,7 ...
    Karagandy 10,5 15,4 14,8
    Kostanay 8,4 16,1 13,5
    Kyzylorda 7,3 16,1 13,1
    Mangystau 10,2 17,6 15,2
    Pavlodar 9,0 16,2 13,6
    Soltustik Kazakhstan 9,2 17,3 13,4
    Turkistan 6,5 15,3 15,4
    Ulytau 7,5 16,5 ...
    Shygys Kazakhstan 9,3 16,0 14,5
    Astana city 10,4 16,6 14,4
    Almaty city 9,0 15,3 13,9
    Shymkent city 7,7 15,6 13,6
    Contribution to the annual rate of inflation

    The largest contribution to the annual inflation rate was made by housing services (2.3 percentage points), food and soft drinks (2.1 percentage points), clothing and footwear (1.1 percentage points).

    During the year, prices for bakery products and cereals increased by 7.5%, meat and meat products – by 4.7% and made the main contribution to inflation of 0.5 and 0.6 percentage points, respectively. The rise in price of dairy products by 6.9%, fruits and vegetables – by 4.2% and contributed 0.3 percentage points each, soft drinks (by 8.3%) – by 0.2 percentage points in annual inflation.

    Housing and communal services rose in price by 17.6% over the year and their contribution to inflation amounted to 2.3 percentage points. In May 2024, compared to May of last year, central heating increased by 33%, rental housing – by 10.2% and contributed to annual inflation by 0.3 percentage points, respectively. Electricity rose in price by 31.4%, the contribution was 0.7 percentage points, cold water (by 35.9%), residential maintenance and repair services (by 7.8%) – by 0.2 percentage points, respectively.

    Contribution of individual components to annual inflation in the Republic of Kazakhstan in May 2024
    in percentages, increase
    Goods and services Rate of increase Contribution to price growth
    Food products 5,5 2,330
    Bakery products and cereals 7,5 0,509
    Meat and meat products 4,7 0,584
    Milk products 6,9 0,273
    Eggs 5,9 0,076
    Oils and fats -5,6 -0,144
    Fruits and vegetables 4,2 0,315
    Sugar -4,6 -0,055
    Soft drinks 8,3 0,173
    Non-food products 7,6 2,257
    Cloth 10,2 0,675
    Shoes 12,2 0,388
    Detergents -1,9 -0,029
    Petrol 2,2 0,066
    Goods for personaluse 8,9 0,276
    Paid services 13,9 3,902
    Housing services, water, electricity, gas and other fuels 17,6 2,337
    payment for housing maintenance 10,1 0,075
    rental of property 10,2 0,305
    residential maintenance and repair 7,8 0,199
    cold water 35,9 0,187
    hot water 35,0 0,138
    garbage removal 31,2 0,092
    drainage 43,9 0,102
    electricity 31,4 0,661
    gas 9,4 0,105
       gas, transported through distribution networks 9,1 0,085
       liquefied 10,8 0,020
    central heating 33,0 0,329
    solid fuels 9,0 0,131
    intercom 8,7 0,013
    Over the month, the price level of paid services increased by 1%, non-food products – by 0.5%, food products – decreased by 0.3%.
    Inflation for the month
    in percentages, increase
    May
    goods and services food products non-food products paid services
    2020 0,5 1,2 0,4 -0,3
    2021 0,7 0,8 0,6 0,7
    2022 1,4 1,7 1,4 0,8
    2023 0,6 0,5 0,5 0,7
    2024 0,4 -0,2 0,5 1,0
    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:
    Zh.Tokbaeva (Acting)
    Tel. +7 7172 749790
    Executor:
    A.Makizhanova
    Tel. +7 7172 749265
    Address:
    010000, Astana
    Mangilik el avenue, 8
    HouseofMinistries, entrance 4