Bureau of National statistics
Agency for Strategic planning and reforms of the Republic of Kazakhstan
    Key indicators
    8.4%
    Inflation in the Republic of Kazakhstan in August 2024 slowed down, for the year amounted to 8.4% (in July 2024 – 8.6%), for the month – 0.6% (in the previous month – 0.7%).
    13.6%
    Prices for paid services the year increased by 13.6% (in July 2024 – 14.5%), non-food products – by 7.7% (in July 2024 – 7.3%), food products – by 5.5% (in July 2024 – 5.5%).
    Dynamics of inflation

    Compared to August last year, tariffs for central heating increased by 33%, garbage collection – by 23.5%, water disposal – by 22.9%, electricity – by 22.8%, cold water – by 21.9%, hot water – by 20.2%.

    The cost of renting housing increased by 12.4%. Prices for services of organization of comprehensive recreation increased by 17.8%, connection services – by 14,9%, hairdressers and personal service establishments – by 12.8%, health services – by 12%, funeral services – by 11.7%, recreation and sporting activities services – by 11.5%, sanatorium services – by 10.7%, catering services – by 9.4%. Taxi increased by 14.6%, city bus – by 12%, air passenger transport – by 8.5%, rail passenger transport – by 8.2%.

    The price level for new domestically assembled cars increased by 28.6%, pharmaceutical products – by 11.6%, clothes and shoes – by 11%, furniture and household items – by 10.6%, personal goods – by 7.8%, building materials – by 5.9%. Coal rose in price by 10.3%, firewood – by 10.1%, liquefied gas in cylinders – by 9.1%.

    Increases in prices was noted for tomatoes by 24.9%, сucumbers – by 21.6%, tobacco products – by 17.4%, mineral and drinking water – by 14.7%, potato – by 14.3%, confectionery – by 13.4%, fresh fruits – by 12.8%, gold drinks – by 11.5%, fruit and vegetable juices – by 11.2%, frech fish – by 9.4%, eggs – by 8.6%. A decrease in prices was observed for white cabbage by 27.6%, buckwheat – by 23.4%, sunflower oil – by 17.2%, onions – by 14.2%.

    Regionally in August 2024 in annual terms, the inflation rate exceeding the republican average was observed in ten regions, of which the highest was in Astana city (10.5%), in Mangystau (10.2%), Pavlodar (9.6%) regions.

    Annual inflation in the regions for August
    in percentages, increase
    2024 2023 2022
    Republic of Kazakhstan 8.4 13.1 16.1
    Abay 8.1 12.4 16.9
    Akmola 8.2 14.1 17.8
    Aktobe 8.6 12.5 16.1
    Almaty 5.2 12.3 13.6
    Atyrau 9.4 11.0 16.5
    Batys Kazakhstan 9.0 12.6 16.0
    Zhambyl 7.4 13.3 14.8
    Zhetisu 8.3 13.2 16.2
    Karagandy 9.4 13.5 16.6
    Kostanay 7.8 12.8 15.9
    Kyzylorda 7.7 13.3 15.5
    Mangystau 10.2 13.1 19.3
    Pavlodar 9.6 12.3 15.9
    Soltustik Kazakhstan 9.1 13.9 16.3
    Turkistan 7.5 13.1 16.0
    Ulytau 6.6 12.7 18.6
    Shygys Kazakhstan 9.2 12.9 16.8
    Astana city 10.5 13.9 17.3
    Almaty city 8.6 13.7 15.9
    Shymkent city 7.5 12.3 15.5⁠
    Contribution to the annual rate of inflation

    The largest contribution to the annual inflation rate was made by food and soft drinks (2.1 percentage points), housing services (2 percentage points), clothing and footwear (1.1 percentage points).

    Over the year, prices for fruits and vegetables increased by 6.5%, meat and meat products – by 3.8% and made the main contribution to inflation by 0.5 percentage points, respectively, bakery products and cereals (by 6%) – by 0.4 percentage points. The rise in the price of soft drinks by 8.1%, dairy products – by 5.4% and contributed 0.2 percentage points, respectively, eggs (by 8.6%) – by 0.1 percentage points to annual inflation.

    Housing and communal services rose in price by 15.3% over the year and their contribution to inflation amounted to 2 percentage points. In August 2024, compared to August last year, electricity was 22.8% higher and contributed 0.5 percentage points to annual inflation. Rental housing prices rose by 12.4%, the contribution was 0.4 percentage points, central heating (by 33%) – by 0.3 percentage points, residential maintenance and repair services (by 6.9%) – by 0.2 percentage points, respectively.

    Contribution of individual components to annual inflation in the Republic of Kazakhstan in August 2024
    in percentages, increase
    Goods and services Rate of increase Contribution to price growth
    Food products 5.5 2.324
    Bakery products and cereals 6.0 0.399
    Meat and meat products 3.8 0.471
    Milk products 5.4 0.209
    Eggs 8.6 0.108
    Oils and fats -2.7 -0.091
    Fruits and vegetables 6.5 0.514
    Sugar -3.5 -0.041
    Soft drinks 8.1 0.165
    Non-food products 7.7 2.333
    Cloth 10.5 0.681
    Shoes 11.9 0.370
    Detergents -1.6 -0.026
    Petrol 0.8 0.021
    Goods for personaluse 7.8 0.235
    Paid services 13.6 3.781
    Housing services, water, electricity, gas and other fuels 15.3 1.991
    payment for housing maintenance 8.5 0.062
    rental of property 12.4 0.363
    residential maintenance and repair 6.9 0.173
    cold water 21.9 0.112
    hot water 20.2 0.078
    garbage removal 23.5 0.068
    drainage 22.9 0.052
    electricity 22.8 0.470
    gas 12.0 0.132
       gas, transported through distribution networks 12.6 0.115
       liquefied 9.1 0.017
    central heating 33.0 0.323
    solid fuels 10.3 0.148
    intercom 6.9 0.010
    Over the month, the price level of paid services increased by 1.1%, non-food products – by 0.8%, food products – did not change.
    Inflation for the month
    in percentages, increase
    August
    goods and services food products non-food products paid services
    2020 0.1 -0.2 0.5 0.3
    2021 0.5 0.1 0.6 0.8
    2022 1.4 1.0 1.8 1.6
    2023 0.7 0.0 0.5 1.9
    2024 0.6 0.0 0.8 1.1
    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 749057
    Executor:
    A.Makizhanova
    Tel. +7 7172 749265
    Address:
    010000, Astana
    Mangilik el avenue, 8
    House of Ministries, entrance 4