Bureau of National statistics
Agency for Strategic planning and reforms of the Republic of Kazakhstan
Inflation in the Republic of Kazakhstan
01.08.2024
Inflation in the Republic of Kazakhstan

In July 2024, the monthly consumer price index amounted to 0.7% (in June 2024 - 0.4%). Prices for paid services increased by 1.6%, non-food products - by 0.7%, food products - by 0.2%.

Increase in prices was noted for cellular communication services by 11.5%, Internet communication - by 6.8%. Air transport services rose in price by 12.9%, organization of complex recreation - by 11.5%.

The increase in prices for liquefied gas in cylinders in July this year amounted to 5.3%. The price of dishes rose by 1%, clothes and shoes - by 0.8%. Prices for medicines increased by 0.6%.

As for foodstuffs, prices for cabbage increased by 16.8%, potatoes - by 7.5%, bulb onions - by 7.3%. Increase in prices is observed for tobacco products by 3.8%, mineral water - by 1.6%. The prices of tomatoes decreased by 18.2%, sweet pepper - by 11.2%, beet - by 6.3%, cucumbers - by 5.8%.

Among the regions, the highest monthly inflation was registered in Astana city - 1.3% (higher than the average republican level by 0.6 p.p.), the lowest - in Kostanay region - 0.2%.

By region, prices for food products increased the most in Pavlodar region by 1%, non-food products - in Turkestan region by 2.1%, paid services - in Zhambyl region by 4.4%.


Inflation in July 2024 amounted to 8.6% on an annualized basis. Prices for paid services increased by 14.5%, non-food products - by 7.3%, food products - by 5.5%.

Compared to June 2023, the tariffs for water disposal increased by 42.7%, cold water - by 36.5%, central heating - by 33%, electricity - by 31%, hot water - by 29.6%, garbage removal - by 25.1%. Health care services rose in price by 11.4%, connection - by 10.7%. Acetylsalicylic acid prices increased by 59.4%, activated carbon - by 32.1%, Hilak forte - by 25.4%, paracetamol - by 19.8%. Bananas rose in price by 29.9%, grapes by 26.6%, cucumbers by 23.5%, olive oil by 20.2%. On the contrary, in annual terms, the price of bulb onions by 34.8%, buckwheat - by 22.1%, sunflower oil - by 20.8%, cabbage by 19% decreased.

The consumer price index, which characterizes the level of inflation, is calculated monthly. Observations are carried out on tariffs and prices for services and goods, for a total of 508 items. Dynamic changes in inflation can be viewed on a specially designed interactiveyes board , which covers indicators starting from 2018.


*From January 2024 when constructing the consumer price index, the share of food products is 42.0%, non-food products – 29.8%, paid services – 28.2%.


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