Inflation in Kazakhstan slowed to 8.4% in August

Inflation in Kazakhstan slowed down to 8.4% year-on-year in August, compared to 8.6% in July.

“Prices for paid services increased by 13.6% over the year, non-food products – by 7.7%, food products – by 5.5%,” reported the Bureau of National Statistics on Sept. 2.

In August, utility rates and the cost of various goods and services increased. Prices for new domestically produced passenger cars rose by 28.6%, products by 11.6%, clothing and footwear by 11%, furniture and household items by 10.6%, personal goods by 7.8%, and building materials by 5.9%. Coal prices increased by 10.3%, firewood by 10.1%, and liquefied gas in cylinders by 9.1%.

Food prices also saw an increase: oranges by 4.2%, sunflower oil by 2.2%, cabbage by 2.2%, and onions by 1.9%. However, prices for grapes decreased by 10%, sweet peppers by 8.6%, tomatoes by 7.8%, cucumbers by 6.1%, buckwheat by 3.6%, and beets by 3.2%.

Regionally, food product prices rose most in the Abai Region by 0.6%, non-food product prices increased by 1.7% in the Turkistan Region, and paid services rose by 2.2% in Almaty.

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